There's no indication they're waiting till 2025. I'm not sure where this comes from aside from pessimism
There's no indication they're waiting till 2025. I'm not sure where this comes from aside from pessimism
Investors:It wasn't a major overshoot though? If it was 5-10 million I'd understand but 1 million?
Incrediblesome more choice quotes from him:
""All great consoles need a great second year, and Nintendo hasn't delivered one for the Switch," said Cornelio Ash, an analyst at William O'Neil & Co. in Los Angeles. "Investors thought over five years they could sell maybe 90 million units. But after this year, that's looking pretty much impossible."
Every video game market thread (especially for Nintendo) is like this. People think meanie investors are ganging up on poor [company they like] rather than investors doing what they do with any company under the sun.Why are people blaming "investors" when Nintendo themselves overshot their projections and had to change them?
You can't signal you will be making less money than you told investors, and not expect a significant stock price drop.
None of this means they are doomed.. it's just normal ass market reaction.
some more choice quotes from him:
""All great consoles need a great second year, and Nintendo hasn't delivered one for the Switch," said Cornelio Ash, an analyst at William O'Neil & Co. in Los Angeles. "Investors thought over five years they could sell maybe 90 million units. But after this year, that's looking pretty much impossible."
My source is I made it up, but so is everyone else's. I would buy a Switch 2 tomorrow if it released, but I have to wonder what the plan is for Nintendo here, the Switch is still selling great.There's no indication they're waiting till 2025. I'm not sure where this comes from aside from pessimism
But as people have stated they aren't just waiting for it not to sell well to release their next console. If 3rd parties are already working on games, which they'll have to be to meet a potential launch (and which we know is the case from reports of dev kits going out way back, assuming those are true), they can't just sit on them until Nintendo figures out when to launch. So any plans will have been figured out already, and won't hinge on Switch sales dippingMy source is I made it up, but so is everyone else's. I would buy a Switch 2 tomorrow if it released, but I have to wonder what the plan is for Nintendo here, the Switch is still selling great.
Does Nintendo simply not give a shit about what their shareholders think lol. Seems to me a good example of a pubic company acting like a private company
Investors don't like when a company gives them projections and then misses those projectionsFrom what I've seen this is prolly a good thing. Investors don't seem to like stuff that is more looking to the long term.
Yep.