Nintendo stock nose dives - analysts remain unimpressed

#1TowelFightPosted 8/1/2011 9:32:38 AM
http://www.newsfactor.com/news/Nintendo-Shares-Down-After-Price-Cut/story.xhtml?story_id=001000433RTF

Just a sampling of the article:

The Kyoto-based company blamed its lackluster performance on a dearth of hit titles for the Wii and 3DS handheld device, as well as a strong yen. Analysts say Nintendo's problems run deeper.

JPMorgan immediately downgraded its rating on Nintendo shares to "Underweight."

"The launch of the new 3DS has stalled and the hardware price cut so early into release is an unprecedented act, highlighting that management's confidence in their contents is not enough to push through into Christmas 2011," said JPMorgan analyst Hiroshi Kamide in his report.

Nintendo's recent missteps underscore the Kyoto-based company's struggles in adapting to a gaming market that has evolved since the Wii revolutionized the gaming industry when it launched five years ago.

Analyst Yuta Sakurai asks, "Has Nintendo lost its way?"


Yikes.
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#2Mariofan15Posted 8/1/2011 9:34:42 AM
So what. The 3DS is still doing allright and that's all I care about.
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#3GencoilPosted 8/1/2011 9:35:32 AM
Just wait 'til it's winter and the holidays roll by, we'll all be looking back at this laughing.
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#4TowelFight(Topic Creator)Posted 8/1/2011 9:37:02 AM
Just wait 'til it's winter and the holidays roll by, we'll all be looking back at this laughing.

Not according to Hiroshi Kamide.
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#5GencoilPosted 8/1/2011 9:38:22 AM
Oh, I forgot, Hiroshi Kamide is the all-seeing oracle.
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#6JackstinPosted 8/1/2011 9:39:10 AM
I'll be interested to see how the Vita does.

I think that the prince point for the Vita is too high. Not that it is overpriced, far from it! Just that I'm not sure consumers in general would want to pay that much.

On the other hand the Vita does have a lot of positive hype. I just wonder if handhelds like this are still commercially viable. Maybe Sony will see a similar unfortunate turn of events.
#7MRW1215Posted 8/1/2011 9:41:39 AM
What could they possibly be impressed with, yet? The price cut hasn't even taken effect just yet, and we're still a few months off from getting some of their heavy hitting titles.
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#8TheSPPPosted 8/1/2011 9:45:23 AM
Oh look, its TowelFight again.
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#9TowelFight(Topic Creator)Posted 8/1/2011 9:47:09 AM
What could they possibly be impressed with, yet? The price cut hasn't even taken effect just yet, and we're still a few months off from getting some of their heavy hitting titles.


Well, consider Kamide's quote. In essence, he saying that Nintendo's in doubt about their scheduled software line-up's ability to push system sales through the end of the year.

Everyone keeps saying "wait 'til Mario this or that" when Nintendo is saying to themselves "Eh, we dunno if that's necessarily gonna be enough."
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#10OmegaZero633Posted 8/1/2011 9:47:36 AM
I like how you left out the part where analyst Yuta Sakurai also "commends the price cut as a bold decision that is likely to boost sales."

Yay for bias. :/
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