Nintendo stock falls after mixed reaction from Switch 2 announcement

Comments

• slazer2au@lemmy.world ⁨1⁩ ⁨year⁩ ago

  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

  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.

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  • rustyfish@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Thanks for the clarification. The headline sounded fishy.

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    • slazer2au@lemmy.world ⁨1⁩ ⁨year⁩ ago

      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.

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    • bjoern_tantau@swg-empire.de ⁨1⁩ ⁨year⁩ ago

      Stocks almost always fall after such an announcement.

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  • psx_crab@lemmy.zip ⁨1⁩ ⁨year⁩ ago

    So basically it’s not falling because of mixed reaction, it’s falling because people cashing in

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    • slazer2au@lemmy.world ⁨1⁩ ⁨year⁩ ago

      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.

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  • False@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Aka “buy the rumor, sell the news”

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• sevan@lemmy.ca ⁨1⁩ ⁨year⁩ ago

  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).

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  • NuXCOM_90Percent@lemmy.zip ⁨1⁩ ⁨year⁩ ago

    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.

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    • VindictiveJudge@lemmy.world ⁨1⁩ ⁨year⁩ ago

      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.

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  • ByteOnBikes@slrpnk.net ⁨1⁩ ⁨year⁩ ago

    Will someone please think of the out-of-touch investors who do nothing but speculate and play with other people’s money?

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• JusticeForPorygon@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Honestly I kinda liked the “chill” announcement. No overhyping themselves only to disappoint. Fans are plenty capable of doing that themselves.

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  • shasta@lemm.ee ⁨1⁩ ⁨year⁩ ago

    Only because it got leaked early, denying them the opportunity to hype anything

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• Psythik@lemmy.world ⁨1⁩ ⁨year⁩ ago

  lol good. Fuck Nintendo

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• callouscomic@lemm.ee ⁨1⁩ ⁨year⁩ ago

  It’s underwhelming and there are better options, and it’ll sell like crazy because people are basic.

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  • aesthelete@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Nintendo consoles have better exclusives and last longer than the competition.

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    • SkyezOpen@lemmy.world ⁨1⁩ ⁨year⁩ ago

      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.

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• TriflingToad@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

  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.

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  • john89@lemmy.ca ⁨1⁩ ⁨year⁩ ago

    Why not just emulate and play your games for free?

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    • TriflingToad@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

      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 :)

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• Hyphlosion@lemm.ee ⁨1⁩ ⁨year⁩ ago

  They’ll be back. They always come back.

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