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This is not big daddy N loosing a bunch of money, this is a market correction. People purchased shares 2 days ago expecting an announcement and the price has returned to normal
https://finance.yahoo.com/quote/NTDOY/?guccounter=1
The shares were at 15.56 and are now at 14.81.
It is still up 2% over the past week, 6% over the last 6 months, an 8.5% over the last year, and a whopping 51% over the last 5 years.
Thanks for the clarification. The headline sounded fishy.
They always do. I remember when EA shares dropped by like 3% in a day after an announcement about a game people were like " it's the end of EA". But then you look at the graph beyond a week and it was still up be several percent.
Stocks almost always fall after such an announcement.
Aka "buy the rumor, sell the news"
So basically it's not falling because of mixed reaction, it's falling because people cashing in
You could say it is falling because the announcement didn't meet investors expectations but we must never use that as a gauge of success.
"Losing."
Stock "news" is stupid, the Switch 2 announcement has been expected for a year. The only news is that the company confirmed it will launch this year, which was already expected. Real news is when we start hearing what games will be available at launch (or soon after).
Will someone please think of the out-of-touch investors who do nothing but speculate and play with other people's money?
Yup. If there even WAS a measurable stock value drop (too lazy to check) it was not because the switch 2 basically had a "this is the 2025 version of a phone. It is slightly different. Buy it" ad.
It was because the next major news will come in April. Which means it ain't launching until May, at the earliest. Which means all the anticipation of a shadow drop of a console (because that would somehow be a thing...) is gone and the artificially increased value of the stock has diminished.
There was that time Sega suddenly dropped the Saturn into the US market months ahead of schedule. Shot themselves in the foot doing it, too.
Sony them promptly blew off their other foot with the $299 thing.
It's underwhelming and there are better options, and it'll sell like crazy because people are basic.
Nintendo consoles have better exclusives and last longer than the competition.
I'll shit on Nintendo all day for any amount of reasons, but I just played wii sports with my nephews on a wii that I bought before they were born. Find me a working original Xbox 360 I fucking dare you.
Just the console works is the brag here? Retro consoles are incredibly popular. Xbox might just suck
Honestly I kinda liked the "chill" announcement. No overhyping themselves only to disappoint. Fans are plenty capable of doing that themselves.
Only because it got leaked early, denying them the opportunity to hype anything
They’ll be back. They always come back.
lol good. Fuck Nintendo
sounds like a good time to use my mom's now unused switch and buy a used Mario Maker 2 cartridge. Been watching YouTube videos about it and kinda wanna try.
Ok so I tried to go onto the Facebook website to use Facebook marketplace to get a cartridge but apparently it got hacked somehow because it's my email, but it's not my name and it got banned in October LMAO
Id have to upload photo proof of my face, so guess I'll just keep not using Facebook.
Looks like they're ~30 bucks on eBay though.
Why not just emulate and play your games for free?
I looked into that. I'm wanting to play online levels and there's no way as far as I know to do that with emulation :/
I appreciate the recommendation though :)
No problem.
I'm not sure about Super Mario Maker, but there is online functionality built-in to Yuzu.
It sounds... okay. It's a straight upgrade, arriving a little later than people expected, for a price significantly higher than they'd like. Nintendo finds themselves competing with Valve.
If you are arguing that Nintendo will be vying for sales of third-party games on Switch 2 with the Steam versions, yeah people might choose based whichever platform the games run better on.
If you are arguing that Nintendo is competing with the Steam Deck console (I know you didn't say that though), I would say Steam Deck is in a different category catering to a different crowd. I have a Steam Deck and a Switch (and will get the Switch 2); my Switch plays Nintendo games and my Steam Deck plays the games that the Switch can't handle.
My indie library though...that's where things get interesting. Since getting my Steam Deck a year ago, it cannibalized about two thirds of my would-be Switch eshop purchases because Valve had better prices and/or I knew the games would run better.
Unless the Switch 2 proves to be more powerful than a Steam Deck, more of my digital purchases are going to continue to go to Valve.
Yeah, I'm highlighting the expected price versus a Steam Deck.
Software has won. Every game is multiplatform by default, because platforms are an obstacle to consumers. There is no "different crowd" based on who published a game, and that's all that unites Nintendo games, or Sony games, or Microsoft games. (Admittedly all of Valve's several titles are shooters. Exclusives are not how they maintain relevance.)
Games are no longer organically for one system or other, so systems become commodified. The dominant factors for customers become value and price - and if this thing costs $400, it'd have to be more powerful than a Steam Deck, for some people to give a shit. That's not the case at $200. Half is always a big number. Being half as expensive excuses a lot. Like, the Switch Lite is definitely not as powerful as the Steam Deck, and it presumably outsold the Steam Deck ten-to-one last month.
This is deliciously ironic for Nintendo in particular. They're a toy company. They stumbled into, and then formalized, a "blue ocean" strategy, where they did weird shit to avoid direct competition. This included somehow being the only company to put buttons on a tablet. Even then: those buttons come off, and act as separate controllers, and will apparently add an optical mouse sensor that's honestly a great idea. Nintendo has enjoyed the twilight of the console war in a way that Sony has not, as Sony forces PSN onto PC ports, desperately keeping PSN relevant. So it's downright fuckin' bizarre to think Nintendo went from unifying their home and handheld console lines, to getting caught in a dick-measuring contest with PC hardware.
my Switch plays Nintendo games and my Steam Deck plays the games that the Switch can't handle.
The thing about this, though, is - the steam deck plays Switch games too. Better than the native hardware does in fact. If the Switch 2 isn't a significant increase in beefiness, the Deck is going to play those too. Nintendo finds themselves going up against a product that directly trounced their specific use case and they're bringing a Round 2 of what got them defeated the first time.
I think the switch, and probably by extension the switch 2 is popular with kids and casual gamers because Nintendo is a household name, but anyone who is looking for a good portable game console and knows what technical specs are is much more likely to still be eyeing the Deck as an investment. Nintendo has famously historically failed to stop the signal on emulation for a single one of their consoles, including the switch, so I don't see that likely to change now.
I wonder if we're going to see another Wii U situation.
They're fighting scalpers, or taking the profit from scalpers and giving it to themselves. At least people won't be mad that they can't get one. However the fomo effect on ps5 was real.