Even if Nintendo is worried, they can't communicate that they are worried, because that would cause the price to fall further. So we can't use their reaction as indicative of anything.
I agree they need to stop playing things so close to the chest.
-
Ever wanted an RSS feed of all your favorite gaming news sites? Go check out our new Gaming Headlines feed! Read more about it here.
-
We have made minor adjustments to how the search bar works on ResetEra. You can read about the changes here.
Nintendo stock down almost 7% after the E3 showcase (down another 5.27% per Tokyo Stock Exchange)
- Thread starter Deleted member 8196
- Start date
- Status
I agree they need to stop playing things so close to the chest.
Seems kind of dumb personally to combine the two stock drop threads but okay.
There definitely seems to be cause for alarm here though, witch the 20m target but sales are getting less and less each month. Two big games on the horizon but hype seems so much less for the console than it did last year....
There definitely seems to be cause for alarm here though, witch the 20m target but sales are getting less and less each month. Two big games on the horizon but hype seems so much less for the console than it did last year....
If higher ups are not worried about a 30% stock drop in a month then the bottom is really going to fall out. They would be fucking insane to handwave that big of a drop. This isn't a small fluctuation anymore.
Edit: they aren't going to say they are worried either but I guarantee you they are.
Sakurai trolling for 20 minutes sure did a lot of damage to the company.
If they had shown Metroid Prime 4 footage they would be rising to the heavens.
If they had shown Metroid Prime 4 footage they would be rising to the heavens.
The whole "E3 isn't relevant" thing is stupid too. Hell yes it is relevant, and yes investors are looking at it.
Your stock price doesn't drop like that if they weren't. No one is saying you must show games that are only 15% complete, but there has to be a happy medium between that and keeping everyone in the dark about an online service that is supposed to launch in 3 months and sitting on game announcements until they are 2-3 months away from release.
Emergency 2019 direct incoming then!
I mean this really isn't arguable, it isn't as relevant for Nintendo as it used be. They've demonstrated that by spreading out their announcements throughout the year, and have just placed the focus on one big game for the past 3 years of E3.
Running a pure entertainment company means managing hype cycles. It's a failure when you have to promote things 18 months out (and when they delay it looks even worse). Big movie releases work the same way.
The stock dropped 30% over this past month?
Now would we a great time to buy, I suppose.
Now would we a great time to buy, I suppose.
+1
It's not as relevant from Nintendo's point of view, but the point is that it's surely important from an investor's point of view which should concern Nintendo and make them look at that their approach.
A problem with Nintendo's way of communication is that they are very inconsistent in how they announce products. The "we like to surprise our fans" and short announcement to release time narrative is just horseshit. They announce games a year plus away all the time.
I mean they wouldn't. Look at Metroid's sales historically. The Internet makes out Metroid games to be a lot bigger than they actually are
Anything that can crater your stock price by 30% is relevant to you as a company. Nintendo needs to stop acting like they're a special snowflake all the time.
People don't want to invest their money in a company where it feels like they're flying in the dark with no idea of what's coming, it's not a great way to foster excitement from the general public either.
I'm not sure where the 30% comes from. It looks like ~15% to me.
It does look like they're 30% down from their yearly high of ~49000 yen. On the flipside, the stock is at essentially the same level it was at this time last year.
A rather naive way to look at senior management behaviour - it would compound a further lack of confidence if the board appeared to be worried and concerned.
I'm not really an expert at this stuff, but I don't think they should base their entire marketing strategy off of investors' knee-jerk reactions? That seems dumb and shortsighted.
For instance, while things may seem "dire" now, if they reveal Animal Crossing for a spring 2019 release in a September direct for example, the stocks will likely shoot back up anyway, people will have to wait less between reveal and release AND the game doesn't have to share the spotlight with the rest of E3. It would benefit more in the long run, no?
I'm confused for why this is happening. June had a decent amount of releases of which alot of them did pretty well and at this point we're just a week away from Octopatch Traveler a highly anticipated Switch exclusive. Then holiday is going to have Pokemon and Smash. On top of that the Switch is still selling well. I can get the drop off after E3 but I don't get why this is happening now. Is it because of the lack of mobile news?
Currently 34510
Was 40860 this time last month.
It's currently 84% of what it was, indicating a 16% drop
That said, it was at 48000 earlier this year, but it fluctuates a lot
I remember their stocks price being comparable to Sony a year ago, it seems like they dropped a lot since then.
You sound mad
Also, hardcore audience is niche. What they need to excite is the major consumers with their marketing, not announcements and such for hardcore fans.
Last edited:
I mean normally I'd agree, but this response by Reggie really does seem to me like they aren't seeing it as a big deal compared to a typical damage control PR. He's literally going out of his way to take a dig at the analysts.
Just seems very confident and hand-waving.
Then instead they essentially skip e3 again, get overshadowed by titles like Cyberpunk and it affects their sales yet again.
This idea of e3 not being relevant just comes off as naive and may have to do with how awful their live events were for so long.
All the time? No, not really. The only one I can think of is metroid prime and maybe fire emblem and yoshi, but those two were delayed. Now compare that to Sony where nearly every announced game is years out
Investors are fickle. Like people have said, Nintendo keep things close to their chest so no long term stuff shown.
Plus investors want mobile, and they want power.
It's down 31% from their 52 week high. Down 27% from their high in May. So closer to 2 months.
You know Nintendo has never skipped E3 right?
Yes, but you said down 30% in a month. Stop moving goalposts to push your narrative.
If Ridge Racer for example is legit, what is the harm in showing it during your E3 showcase?
It's not even so much the game itself, but showing "hey we got some cool stuff coming from third parties".
But nope. It has to be kept under lock and key, it's just getting to be flat out silly how they operate.
It's not even so much the game itself, but showing "hey we got some cool stuff coming from third parties".
But nope. It has to be kept under lock and key, it's just getting to be flat out silly how they operate.
They literally didn't get overshadowed though. Ridley and release date reveal was the most tweeted about moment of the entire show, and preorders for the game skyrocketed. Switch sales even doubled that week at GameStop (see that thread).
They didn't sweep game of the show like they did last year and the year before, but Smash still gave them lots of mindshare.
Have you ever heard of the phrase "the exception that proves the rule"?
I wouldn't be at all shocked to see a surprise Direct at the end of this month. If what the insiders on this board were saying is true and Nintendo does have a lot they could have shown that would interest core gamers, they might do it to satisfy investors.
I have a feeling we're going to see a couple more Wii U ports before the end of the year.
I have a feeling we're going to see a couple more Wii U ports before the end of the year.
You know what I mean, they aren't skipping it but they are skipping the big events and instead doing the lame as all hell videos. They have such a lackluster presence at these events. But then they have the tournaments which are not for me but are cool for those who like it so they see the importance of live events. So... Why the directs Nintendo? Why announce games during the tree house streams?
Will bounce back with their next mobile hit (Mario Kart could be huge depending on monetization). Also with Smash and pokemon do numbers this holiday.
I'm more incredulous about it than angry. It's great that Nintendo knows whats coming in the future, but everyone else is completely in the dark ... we know like nothing about the online service that launches in a few months, what kind of games are coming, what the future holds for third party support, etc. etc. etc.
It's like being told to come to a wedding but not being told what day it is, where to go, what to wear until like two days before and even then only being told half the details with more to possibly come later.
I don't think the video formats are the issue. The major console presentations are glorified Directs. They just need good content to get people hyped.
Post 2018 movie schedule for Disney:
March 8th 2019: Captain Marvel
March 29th 2019: Dumbo
April 12th 2019: Untitled Pixar movie
May 3rd 2019: Avengers 4
May 24th 2019: Aladdin
June 21st 2019: Toy Story 4
July 19th 2019: The Lion King
August 9th 2019: Atremis Fowl
November 27th 2019: Frozen 2
December 20th 2019: Star Wars Episode 9
March 6th 2020: Untitled Pixar movie
March 27th 2020: Mulan
July 10th 2020: Indiana Jones 5
July 31st 2020: Guardians of the Galaxy 3
... IDK, I don't think this is a good comparison from you?
Yeah and look at what it did
2016, they nailed it.
2017, they nailed it
2018, like Phendrift said, they nailed it.
Big events are irrelevant to the general populace. Lame video is your subjective view, which you're entitled to, but in the end the information is disseminated the same way to the mass public.
Lackluster presence? Are you for real?
Your biases are showing
I would be more surprised about if it wasn't what they've done with the Switch throughout it's lifespan.
I don't understand why they have shunned virtual console (legacy library in general) so much. You would think that's a great tool to fill in gaps during the first two years of its existence.
Thank god for ACA and Zerodiv.
Thank god for ACA and Zerodiv.
I'm surprised people don't realise that Nintendo have never seen E3 as the be-all and end-all
I still remember the E3 where the biggest megatons - Fire Emblem coming to the West and The Wonderful 101 were shown outside of the underwhelming conferences.
When you can drop Directs throughout the year, and events like The Gaming Awards exist, E3 is increasingly irrelevant.
I still remember the E3 where the biggest megatons - Fire Emblem coming to the West and The Wonderful 101 were shown outside of the underwhelming conferences.
When you can drop Directs throughout the year, and events like The Gaming Awards exist, E3 is increasingly irrelevant.
I'm not getting defensive at Nintendo. I'm just pointing out that you're shifting the facts and statements of your arguments when it got proven that your statements were erroneous.
If they did, they would have showed them, I doubt they'll do a direct before September. Only things left are digital only things, phone games, or maybe a new classic mini but the latter 2 will be random press releases.
I feel the main argument here would be that you want to focus more on selling stuff in your existing service games, but Nintendo doesn't actually have a business model in most of those, so there's less incentive to do that than most publishers.
- Status