Nintendo stocks fall after announcing price & release date

Discussion in 'User Submitted News' started by Joe88, Sep 29, 2010.

  1. Joe88
    OP

    Member Joe88 [λ]

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    Nintendo stocks fall after announcing price & release date

    Source: http://www.reuters.com/article/idUSTOE68S00F20100929

    not surprised, alot of displeased people, probably alot of pre-order cancellations
     


  2. injected11

    Member injected11 Crescent Fresh™

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    Ish happens when people blindly believe rumors and get their own hopes up.
     
  3. Hop2089

    Member Hop2089 Cute>Hot

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    People need to adapt to change these days. So a little delay happened, that's expected in any tech market.
     
  4. trumpet-205

    Member trumpet-205 Embrace the darkness within

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    I think people are more displeased about the price than release date.

    Nintendo dropped a bomb at a tough economy time.
     
  5. Hadrian

    Former Staff Hadrian Better than Craigslist

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    So tough that many can buy the latest iDevice every year.
     
  6. purechaos996

    Member purechaos996 GBAtemp Advanced Fan

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    not me still have my 1st Gen Mini. And I actually have a Job.
     
  7. Canonbeat234

    Member Canonbeat234 Redeemed Temper

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    Portable musical/social box=/= Handheld

    Nintendo is wise, they can make more money next year during the spring time on the products while making money just by producing games this year. It does make you wonder why companies release new products on dry spells aka nothing good is coming out/nothing worth mentioning.
     
  8. lcleong

    Member lcleong GBAtemp Fan

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    EPIC WIN!! as expected from the begining!! [​IMG]
     
  9. Hop2089

    Member Hop2089 Cute>Hot

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    Grants more time for people to plan and/or save.
     
  10. Sterling

    Member Sterling GBAtemp's Silver Hero

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    Golden Sun, US release of Black and White.

    Nearer: Super Scribblenauts, FF Four Warriors of Light, Lufia, Pokemon Ranger, etc.

    Conclusion there are tons of games coming out that will interest people.

    Honestly, I am fine with the price. It's totally next gen, and there are tons more new features; they make the price justified.
     
  11. Master Mo

    Member Master Mo F.R.E.E.

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    Yeah, the stocks went up by 9.7 percent when they announced the unit (source) and I don`t see anybody posting that when that increase happened... Why, you guys might ask yourself now? - Because nobody gives a shit!!! Honestly, who does?

    And as far as I can see most people (at least here on the forum) are very pleased with the unit itself (no surprise - sexy softwarelinup [​IMG]) and also with the release date (European people had to wait nearly 4 month for the original DS to hit European shores and now we`ll get the 3DS at nearly the same time with all the other territories!!!). However the price is debatable but I have to wait til Nintendo confirms a price for Europe to actually judge it.
     
  12. nando

    Member nando GBAtemp Addict

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    stocks usually go down when a company announces something.

    everytime apple announces a new device their stock goes down. it has nothing to do with appeal of the product, stocks are just manipulated by rich people to make more money no matter what. they'll drive prices down to force small share holders to sell and then they make the stocks shoot up. happens all the time
     
  13. Hadrian

    Former Staff Hadrian Better than Craigslist

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    Pretty sure Cannonbeat meant at the time the 3DS is meant to launch and not during this holiday season.
     
  14. Rock Raiyu

    Member Rock Raiyu Clock Up

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    It'd be nice to buy some of their stock and cash in now lol
     
  15. yuyuyup

    Member yuyuyup GBAtemp Psycho!

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    every day will be miserable till March, I'm gonna start cutting myself
     
  16. The Pi

    Member The Pi Lurker

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    Thats what I thought as soon as I saw the thread title [​IMG]
     
  17. TM2-Megatron

    Member TM2-Megatron Predacon Commander

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    Not surprised. Personally I hope this is a wake up call for them. That kind of price, that soon after Christmas? Bad decision. I would've been more than happy to pay that price in November, but not February March.
     
  18. Satangel

    Member Satangel BEAST

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    If I was into stocks I would keep an eye on the stocks from now on and buy them when they have dropped a few dollars. They are still going strong and the 3DS just has such an epic line-up it's hard to believe they will keep dropping.
     
  19. GeekyGuy

    Global Moderator GeekyGuy Professional loafer

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    [​IMG]

    Knew someone would have to bring it up. It's not a completely unfair comparison perhaps, but still...the 3DS, for all intents and purposes, will focus solely on games. iPhone, for example, offers a lot more in terms of communications and media. Now, before you bring up the fact of a monthly service fee, consider the likely cost of a piece of software for 3DS versus iPhone, etc.

    No one knows for sure what prompted Nintendo stock to drop (if it, indeed, did fall within the context suggested), but that price was still a pretty huge matzo ball to drop on gamers. I know I can't afford $300. It will, of course, likely come in closer to $250 here in the States, but still...my ass is already puckering up. [​IMG]
     
  20. thebigboss14

    Member thebigboss14 GBAtemp Fan

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    Really the price its the hardest thing and not actually the release date because it's going to give me time to save the money. [​IMG]
     

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