Nintendo stocks fall after announcing price & release date

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

  1. Joe88
    OP

    Joe88 [λ]

    Member
    11,646
    2,927
    Jan 6, 2008
    United States
    NYC
    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

    injected11 Crescent Fresh™

    Member
    1,776
    48
    Jul 17, 2009
    United States
    Ish happens when people blindly believe rumors and get their own hopes up.
     
  3. Hop2089

    Hop2089 Cute>Hot

    Member
    3,810
    209
    Jan 31, 2008
    United States
    People need to adapt to change these days. So a little delay happened, that's expected in any tech market.
     
  4. trumpet-205

    trumpet-205 Embrace the darkness within

    Member
    4,363
    542
    Jan 14, 2009
    United States
    I think people are more displeased about the price than release date.

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

    Hadrian Better than Craigslist

    Former Staff
    16,979
    3,098
    Oct 12, 2004
    So tough that many can buy the latest iDevice every year.
     
  6. purechaos996

    purechaos996 GBAtemp Advanced Fan

    Member
    766
    100
    Nov 5, 2008
    United States
    Connecticut
    not me still have my 1st Gen Mini. And I actually have a Job.
     
  7. Canonbeat234

    Canonbeat234 Redeemed Temper

    Member
    2,278
    28
    Sep 24, 2008
    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

    lcleong GBAtemp Fan

    Member
    356
    19
    Jul 5, 2008
    Malaysia
    EPIC WIN!! as expected from the begining!! [​IMG]
     
  9. Hop2089

    Hop2089 Cute>Hot

    Member
    3,810
    209
    Jan 31, 2008
    United States
    Grants more time for people to plan and/or save.
     
  10. Sterling

    Sterling GBAtemp's Silver Hero

    Member
    4,023
    645
    Jan 22, 2009
    United States
    Texas
    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

    Master Mo F.R.E.E.

    Member
    2,176
    72
    Nov 22, 2005
    Gambia, The
    Man Mo Temple
    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

    nando GBAtemp Addict

    Member
    2,131
    395
    Jan 1, 2008
    United States
    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

    Hadrian Better than Craigslist

    Former Staff
    16,979
    3,098
    Oct 12, 2004
    Pretty sure Cannonbeat meant at the time the 3DS is meant to launch and not during this holiday season.
     
  14. Rock Raiyu

    Rock Raiyu Clock Up

    Member
    5,065
    38
    Jul 14, 2007
    United States
    Walking the path of heaven
    It'd be nice to buy some of their stock and cash in now lol
     
  15. yuyuyup

    yuyuyup GBAtemp Psycho!

    Member
    3,337
    774
    Apr 30, 2006
    United States
    USA MTN timezone
    every day will be miserable till March, I'm gonna start cutting myself
     
  16. The Pi

    The Pi Lurker

    Member
    1,638
    67
    Mar 18, 2010
    Scotland
    Thats what I thought as soon as I saw the thread title [​IMG]
     
  17. TM2-Megatron

    TM2-Megatron Predacon Commander

    Member
    1,187
    4
    Feb 10, 2009
    Canada
    Toronto, Ontario, Canada
    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

    Satangel BEAST

    Member
    10,255
    557
    Nov 27, 2006
    Belgium
    Bruges, Belgium
    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

    GeekyGuy Professional loafer

    Global Moderator
    4,746
    231
    Jun 21, 2007
    United States
    [​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

    thebigboss14 GBAtemp Fan

    Member
    352
    0
    Jun 20, 2008
    United States
    3DS Galaxy, Planet Zelda
    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]