Nintendo Shares Tumble Following Wii U Reveal

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Nintendo Shares Tumble Following Wii U Reveal

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The Wii U caused quite a stir at E3 but it didn't do much good for Nintendo's share price, which fell to its lowest point in more than five years following the announcement of the new console.

The announcement of a brand-new gaming console is the sort of thing that's supposed to excite consumers, which in turn excites shareholders, which naturally pushes share prices up, even if only temporarily. Isn't it curious, then, that with the upcoming Wii U and its unique, tablet-like controller making a splash at E3, Nintendo's price fell to its lowest point in more than a half-decade?

Regardless of the response on the E3 floor, Nintendo shareholders apparently aren't too impressed with Nintendo's vision for the future. "There were high expectations from the new version of the Wii and this fell far short," Tokai Tokyo Securities analyst Yusuke Tsunoda told Bloomberg. "People had expected to see something more at a big event like the E3, but there wasn't really anything more than what's already reported."

Nintendo's price fell off 5.7 percent at the close of trading in Osaka yesterday, dropping to $212 per share.

It's a safe bet that this isn't the reaction Nintendo was hoping for when it pulled the covers off its new hotness, but on the bright side the Wii U is more than a year away, which gives the company plenty of time to square away third-party support, show off its capabilities and really knock the socks off gamers and investors alike. Hey, it wouldn't be the first time Nintendo took a weird idea and a silly name and spun them into gold, right?

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I can almost hear the foaming occurring at the mouths of so many angry gaming enthusiasts gleefully clacking away over this news. Not since the days of the Gamecube have they had such news to buoy their rage and proclaim the end of all things Nintendo for whatever arbitrary reason.

It's understandable. No one's excited for it.

With the move from the Gamecube to the Wii, Nintendo tapped into a vast previously dormant market, the casual gamer. They appealed to millions upon millions of family gamers who enjoyed the easy going motion controls that did way with the complicated controllers and keyboards and introduced a variety of family friendly games.

What they're trying to do with the Wii U makes absolutely no fucking sense. Instead of trying to further enrich their core casual gamer audience, they're trying to grab the attention of hardcore gamers.

It's not going to work. We're already invested in our Xbox 360s and PS3s and PCs. The Wii U, from what we've seen, is basically the processing power of a current gen console with a touch screen built into its controller. It's a silly gimmick that tries to appeal to hardcore gamers instead of casual gamers.

A fatal, fatal mistake by Nintendo. They're trying to tread on ground they're already defeated on instead of going after the casual market which they've dominated for so long.

Whether or not it pays off, we'll see.

Ow, that's gotta hurt.

The WiiU (Weeueeueueeuueeuu) does look interesting, though I doubt I will get it as I have never really been a Nintendo person. The controller looks interesting, though it does look a bit ridiculous. Still, kind of harsh that their stocks went down like that. They'll recover once it launches, it'll sell like legalized crack.

Jumwa:
I can almost hear the foaming occurring at the mouths of so many angry gaming enthusiasts gleefully clacking away over this news. Not since the days of the Gamecube have they had such news to buoy their rage and proclaim the end of all things Nintendo for whatever arbitrary reason.

Wait... the "gaming enthusiasts" hate this now?

Err dual analogue sticks and more graphics power is just the kind the things "we" want.

I think the reason stock is tumbling is because stock-holders are idiots who think the ONLY way Wii is successful is as a toy for the lowest common denominator. Seriously, anyone can buy stock and THINK they know why a company is successful.

As I recall, their shares didn't exactly shoot into the sky when the DS was announced either. We'll have to wait and see how media and regular people react over the coming weeks (and months).

The stocks are dropping because Nintendo is taking a risk. Any company taking a risk will see their stocks fall.

If Jim Cramer could see this(and had some knowledge of the gaming industry) I'm sure he'd be screaming 'BUY!BUY!BUY!'

Apparently the lack-luster announcement got investors really pissed off.

I know myself, and every gamer I've spoken to (that I know personally) laughed when we saw it.

I just don't see what this brings to the table really...
I don't think casual family gamers are going to get particularly exited about this. It looks like a big Gameboy to them.
As stated above, Nintendo abandoned hardcore gamers, and we're already invested in our other consoles. Too little to late.
Who is this exactly marketed at then?

Unless we get a really cheap price point for this, I don't see it taking off.

Treblaine:

Wait... the "gaming enthusiasts" hate this now?

Err dual analogue sticks and more graphics power is just the kind the things "we" want.

I think the reason stock is tumbling is because stock-holders are idiots who think the ONLY way Wii is successful is as a toy for the lowest common denominator. Seriously, anyone can buy stock and THINK they know why a company is successful.

If you're one of those who'd dare call themself a "gaming enthusiast" but have something to offer up to the internet other than hateful bile, than it's nice to meet you. But I've not encountered many of such an ilk.

I watch all the news with a mostly detached interest, as my gaming is done almost purely on PC, but it doesn't seem Nintendo could say or do anything that wouldn't get it a heap of vitriol from most outspoken gamers about the internet.

This doesn't surprise me in the least. People were expecting something that would cater more to the hardcore gaming crowd and they brought out some bastardized abomination between a Wii and an iPad. This thing will ultimately be too expensive and complicated to attract any of the casual "Wii Audience" and will just be too little too late and far too many gimmicks to get all that many hardcore gamers to buy into it. Thats going to leave nobody but the die hard Nintendo crowd.

Nintendo just doesn't understand or doesn't want to admit that the hardcore audience doesn't want all the gimmicks. They could give a fuck about a 6 inch screen crowbarred into the controller. They don't want motion controls. They want a simple old school controller on a quality console that people like because it's a good console not because all the meaningless extraneous bullshit Nintendo thinks is the future of gaming.

Ultimately by trying to cater to everyone Nintendo will likely throw it's self back into the days of the Gamecube sucking hind tit behind both Sony and Microsoft.

Maybe it has something to do with, I dunno, the fact it's called a gorram Wiiu!?

SteelStallion:
snip

True. This seems a case of not necessarily too little, but far, far too late as far as nintendo trying to regain the hardcore Market. Even the most patient of nintendo enthusiasts have surely made the switch by now. It seems in general like nintendo is giving us everything we asked for, luigis mansion 2, a proper new starfox game, so on, around five years after we asked for it, by now we've all left the party.

End of nintendo? I doubt it. The brand name still carries alot of weight in the casual crowd, I'm sure Wiiu will sell to plenty of people who think a starfox is a dodgy doctor who plot device [/stillangryaboutthegorramstarwhale]

I'm guessing the stocks fell based on the astoundingly stupid name alone.

Jumwa:

Treblaine:

Wait... the "gaming enthusiasts" hate this now?

Err dual analogue sticks and more graphics power is just the kind the things "we" want.

I think the reason stock is tumbling is because stock-holders are idiots who think the ONLY way Wii is successful is as a toy for the lowest common denominator. Seriously, anyone can buy stock and THINK they know why a company is successful.

If you're one of those who'd dare call themself a "gaming enthusiast" but have something to offer up to the internet other than hateful bile, than it's nice to meet you. But I've not encountered many of such an ilk.

I watch all the news with a mostly detached interest, as my gaming is done almost purely on PC, but it doesn't seem Nintendo could say or do anything that wouldn't get it a heap of vitriol from most outspoken gamers about the internet.

I think that most of the people on this site would like to think that they're a gaming enthusiast who is capable of having an intelligent and relatively unbiased conversation.

Xanthious:
This doesn't surprise me in the least. People were expecting something that would cater more to the hardcore gaming crowd and they brought out some bastardized abomination between a Wii and an iPad.

They announced a new console, with far more processing power and better tech than either the 360 or the PS3, an interesting new controller that adds a touchscreen display to a traditional controller layout (as opposed to another waggy-stick), and a slew of highly anticipated third-party titles available at launch... and that's still not good enough for you?

This is why we can't have nice things.

This thing will ultimately be too expensive and complicated to attract any of the casual "Wii Audience" and will just be too little too late and far too many gimmicks to get all that many hardcore gamers to buy into it. Thats going to leave nobody but the die hard Nintendo crowd.

Nintendo have announced they intend to price it competitively against the 360 and the PS3. Which, considering its a fair bit more technologically advanced, is pretty damned impressive indeed. There aren't 'far too many gimmicks'. Nintendo are releasing a new, high-powered console with a traditional controller, which also has the potential to do lots of interesting new things if the developers choose to take advantage of it.

Wow, seems like a bit of a logic failure to me. The new gimmick that the console brings is all well and good, but the impressive bit for me was the titles. The new Batman? The latest Tekken? The latest Tom Clancy? These are big titles that are going to appeal outside Nintendo's regular audience. Combined with the ridiculous fanbase Nintendo has and the appeal the console will have for the casual gamer I can only assume that the thing will sell like hotcakes.

Electrogecko:

I think that most of the people on this site would like to think that they're a gaming enthusiast who is capable of having an intelligent and relatively unbiased conversation.

I wasn't insulting anyone's intelligence. You don't need to be dumb to just be a hyperbolic internet rager on a public forum, you just need some reservoir of anger that's unquenchable or a thirst to criticize everything because it's a safer way to avoid people "one upping" you online.

shares dropped when the Wii was also announced. Like I said, Nintendo seems to gain power from the amount of anger against them. Considering how badly Escapists are pissing and moaning I'm pretty this means the WiiU is going to beat the CRAP out of its competitors.

Proof that console gaming is dying.
Doom doom doom.

Screw shareholders, bunch of parasites really. Producing nothing of value while reaping the rewards, and generally making things suck for customers, employees, and suppliers in order to maximize short term gains.

The public company system is one of the things that causes many social problems. Shareholders are willfully negligent absentee owners who take no responsibility for how their money is being spent. And they don't have to take responsibility because they are shielded from legal liability by corrupt laws.

The nice thing is Nintendo as a company doesn't seem to care about winning or losing, the care about making cool stuff. Sometimes they win, sometimes they lose, but they keep trying new things.

And the touchpad controller will enhance gaming for some genres just like motion controls did for others.

Xanthious:
This doesn't surprise me in the least. People were expecting something that would cater more to the hardcore gaming crowd and they brought out some bastardized abomination between a Wii and an iPad. This thing will ultimately be too expensive and complicated to attract any of the casual "Wii Audience" and will just be too little too late and far too many gimmicks to get all that many hardcore gamers to buy into it. Thats going to leave nobody but the die hard Nintendo crowd.

Nintendo just doesn't understand or doesn't want to admit that the hardcore audience doesn't want all the gimmicks. They could give a fuck about a 6 inch screen crowbarred into the controller. They don't want motion controls. They want a simple old school controller on a quality console that people like because it's a good console not because all the meaningless extraneous bullshit Nintendo thinks is the future of gaming.

Ultimately by trying to cater to everyone Nintendo will likely throw it's self back into the days of the Gamecube sucking hind tit behind both Sony and Microsoft.

You can throw the word gimmick around as much as you want, but pointers, gyroscopes, and touchscreens are about as far from gimmicks as you could possibly get. I may not be all too excited about the WiiU, but nobody can rightfully argue that these things haven't improved certain beloved genres and opened up possibilities for all new types of games. Can you honestly argue that your favorite game wouldn't have benefited from being able to navigate the menus with a touchscreen?

As for "hardcore gamers," (I hate that term as well- it's generally used as a substitute for "people who are too insecure to play games with color") the only thing they'll care about is the comfort of the new controller, (price goes without saying) the quality of the games, and the online functionality, and correct me if I'm wrong, but I don't think anybody here knows jack shit about any of these 3 things, so any bashing of the console at this point I'm personally going to boil down to bias.

beema:
I'm guessing the stocks fell based on the astoundingly stupid name alone.

It's like they don't realize how naming their console that opens them up to an endless stream of "Nintendo wants to Wii on U!" jokes.

j-e-f-f-e-r-s:
They announced a new console, with far more processing power and better tech than either the 360 or the PS3

Yep, and people will already be playing or be able to play most of the big AAA titles on the Xbox 360s and PS3s they already own. Furthermore, even if the numbers and raw power is above what the 360 and PS3 are capable of I doubt it will be large enough to get people to justify upgrading just to play the same games they are already able to play.

an interesting new controller that adds a touchscreen display to a traditional controller layout (as opposed to another waggy-stick)

And who under god's hot sun wanted this? It may have some interesting functionality but ultimately it just screams gimmick. They want to have "traditional controls" how about they throw a few analog sticks, a D-Pad and some buttons on a controller and leave well enough alone.

and a slew of highly anticipated third-party titles available at launch

These will likely have already been out for the other systems for months already why would anyone who already owns a PS3 or Xbox give two shits that some old games are coming out for Nintendo's new system. Also, as I've said a few other times what kind of third part support is it going to be? Is it going to be like the PS3/Xbox has or will it be the kind like the Wii has (I urge to you check out Madden or Call of Duty on Wii to see what I mean) where it's technically the same game but it's been changed all to hell to make use of all the extraneous gimmicks.

Nintendo have announced they intend to price it competitively against the 360 and the PS3. Which, considering its a fair bit more technologically advanced, is pretty damned impressive indeed.

Sure is, but I doubt it will be impressive enough to get people to drop another 300-400 just to play the same games they are already playing on their current console.

There aren't 'far too many gimmicks'.

Yes there are.

Nintendo are releasing a new, high-powered console with a traditional controller, which also has the potential to do lots of interesting new things if the developers choose to take advantage of it.

I've seen a lot of traditional controllers and NONE of them have a 6 inch touch screen in them. The "potential to do lots of interesting things" is a nice way of saying "Shit load of gimmicks". Honestly, how hard is it to release a system that gets by on being a good system not on extraneous bullshit that people don't want.

Innovation is risky business.

Jumwa:

Treblaine:

Wait... the "gaming enthusiasts" hate this now?

Err dual analogue sticks and more graphics power is just the kind the things "we" want.

I think the reason stock is tumbling is because stock-holders are idiots who think the ONLY way Wii is successful is as a toy for the lowest common denominator. Seriously, anyone can buy stock and THINK they know why a company is successful.

If you're one of those who'd dare call themself a "gaming enthusiast" but have something to offer up to the internet other than hateful bile, than it's nice to meet you. But I've not encountered many of such an ilk.

I watch all the news with a mostly detached interest, as my gaming is done almost purely on PC, but it doesn't seem Nintendo could say or do anything that wouldn't get it a heap of vitriol from most outspoken gamers about the internet.

Well I am enthusiastic about gaming. That makes be a gaming enthusiast. And so should be the descriptor of all people enthusiastic about gaming no matter how broad or narrow. Everyone HERE is a gaming enthusiast, if they weren't enthusiastic about this they wouldn't watch E3 and they wouldn't even read this thread.

I do not like you hostile characterisation that "outspoken gamers" will just arbitrarily resort to vile vitriol. That is tabloid slander, you should not say such things. You are bitterly complaining about people about people who complain to bitterly.

You are using sweeping generalisations and stereotyping. Just because some very vocal and visible enthusiasts make an ass of them-self does not mean ALL enthusiasts are like that, that should be the most logical and apparent thing just following the definition of the word "enthusiast".

"I watch all the news with a mostly detached interest, as my gaming is done almost purely on PC"

Why are you here then? Do you care about Nintendo the company or their products? Or are you just being a judgemental voyeur to cast your aspersions on others. I see that everywhere and I don't like it, it's like all the people who watch Big Brother at the fighting and arguing. But the central issue is they are still just 10 people who - out of the 7 Billion people on this planet - are doing nothing of any interest, their petty concerns of arbitrary rationing and tasks are utterly irrelevant to the public.

But what people do like is the drama of conflict; in this case not violent conflict but verbal.

And they get off on being the superior outsider, with no stake in the issue at hand there is the Schadenfreude of seeing them bring each other to misery over nothing. So many pundits criticising every insult, every reaction, every sulk, every scheme.

It makes me sick and I see it everywhere, even in myself and must remind myself not to do it.

If you don't care about Nintendo and their hardware, why are you in this debate?

I game a lot on PC but I am still enthusiastic (to an extent) about this Wii U and very likely will get a Wii soon or maybe a Wii U depending on various factors.

But please, do not generalise individuals' very reasonable concerns as mere contrary-ism of a bitter and spoiler group

rembrandtqeinstein:
Screw shareholders, bunch of parasites really. Producing nothing of value while reaping the rewards, and generally making things suck for customers, employees, and suppliers in order to maximize short term gains.

The public company system is one of the things that causes many social problems. Shareholders are willfully negligent absentee owners who take no responsibility for how their money is being spent. And they don't have to take responsibility because they are shielded from legal liability by corrupt laws.

Not to get too sensationalist, but I agree. At least in part and in theory.

The current shareholder system encourages a lot of bad economic practices. I've seen far too many profitable, functioning companies tank because the stock markets demand an eternally increasing profit. It's not enough for shareholders that you turn a consistent profit and make a good product that consumers enjoy, you have to be making MORE profit than you did last time.

It's that system which leads to so many companies taking big needless gambles that bankrupt them, or laying off employees to increase profit margins only to find their products/services quality declines because of it and sales suffer more. Even a temporary fluctuation in the economy ends up causing trouble in a business that was working fine, because the shareholders just wont tolerate even a momentary slipup, even if it's a global recession!

At the same time, it's a system that does help companies raise initial capital, and the alternative is likely giving banks greater control over businesses. I'm not sure that's a better solution. Perhaps employee stakes in the business? I wont presume to know the answer.

Regardless, I'd be pleased as punch to see a move towards more sustainability in business.

Once again, this just proves the need to delete the word "gimmick" from the English language.

sorry, but these are investors we're talking about. they expected to see a wii2, doing everything the wii did, raking in cash on the backs of easily impressed casual gamers. then nintendo comes with tech on the level of sony and microsoft, integrates some of the succesful concepts of it's handheld onto the console.

colour me not surprised.

Jumwa:

Electrogecko:

I think that most of the people on this site would like to think that they're a gaming enthusiast who is capable of having an intelligent and relatively unbiased conversation.

I wasn't insulting anyone's intelligence. You don't need to be dumb to just be a hyperbolic internet rager on a public forum, you just need some reservoir of anger that's unquenchable or a thirst to criticize everything because it's a safer way to avoid people "one upping" you online.

I didn't mean to offend you or accuse you of anything. I'm just saying that though the Escapist has it's fair share of ragers, (I may very well be one of them on Nintendo's behalf) most, if not all the people here consider themselves gaming enthusiasts and among them there are many that enjoy gaming for gaming's sake and don't want to be part of any forum drama. I think the Escapist far surpasses most sites in terms of etiquette and people willing to try to get passed their personal biases.

Jumwa:
I watch all the news with a mostly detached interest, as my gaming is done almost purely on PC, but it doesn't seem Nintendo could say or do anything that wouldn't get it a heap of vitriol from most outspoken gamers about the internet.

You're close, but not quite there. Let me just make an edit or two... Ah, here we go:

"It doesn't seem [ANY COMPANY] could say or do anything that wouldn't get it a heap of vitriol from most [PEOPLE] [on] the internet."

If you think this is ONLY poor poor Nintendo getting a fist to the face from the internet, you need to venture online more. The internet is a hateful place, my friend. Blacker than my shower drain after I roll around in pig vomit and petroleum all day long.

Treblaine:

Well I am enthusiastic about gaming. That makes be a gaming enthusiast. And so should be the descriptor of all people enthusiastic about gaming no matter how broad or narrow. Everyone HERE is a gaming enthusiast, if they weren't enthusiastic about this they wouldn't watch E3 and they wouldn't even read this thread.

I do not like you hostile characterisation that "outspoken gamers" will just arbitrarily resort to vile vitriol. That is tabloid slander, you should not say such things. You are bitterly complaining about people about people who complain to bitterly.

You are using sweeping generalisations and stereotyping. Just because some very vocal and visible enthusiasts make an ass of them-self does not mean ALL enthusiasts are like that, that should be the most logical and apparent thing just following the definition of the word "enthusiast".

"I watch all the news with a mostly detached interest, as my gaming is done almost purely on PC"

Why are you here then? Do you care about Nintendo the company or their products? Or are you just being a judgemental voyeur to cast your aspersions on others. I see that everywhere and I don't like it, it's like all the people who watch Big Brother at the fighting and arguing. But the central issue is they are still just 10 people who - out of the 7 Billion people on this planet - are doing nothing of any interest, their petty concerns of arbitrary rationing and tasks are utterly irrelevant to the public.

But what people do like is the drama of conflict; in this case not violent conflict but verbal.

And they get off on being the superior outsider, with no stake in the issue at hand there is the Schadenfreude of seeing them bring each other to misery over nothing. So many pundits criticising every insult, every reaction, every sulk, every scheme.

It makes me sick and I see it everywhere, even in myself and must remind myself not to do it.

If you don't care about Nintendo and their hardware, why are you in this debate?

I game a lot on PC but I am still enthusiastic (to an extent) about this Wii U and very likely will get a Wii soon or maybe a Wii U depending on various factors.

But please, do not generalise individuals' very reasonable concerns as mere contrary-ism of a bitter and spoiler group

This is so silly. Really? You want to try and take the discussion to this place?

I didn't generalize. Nowhere did I say that all gaming enthusiasts behaved so. In fact, I enjoy posting on multiple gaming forums where it's not the norm to get upset about any news. However, I have noticed on the Escapist that it is a trend here to just rage about every bit of news on Nintendo in particular, and on gaming at large.

Secondly, I said I have a detached interest, as you conveniently quoted. I didn't say I had no interest in the topic. Nintendo's new console was the one thing I was most interested to hear about at this years E3. Despite having no real intention to buy it (I couldn't make a judgement on that regardless until it was closer to launch and I knew more) I was just fascinated to know what they would unveil.

Even as a mostly former-console player, it just intrigues me to see the new and interesting things from Nintendo if for no other reason than it's different and makes me think.

so the most potential I have ever seen in a product EVER is going to fail for the same reason everything fails capitalism :-(
if thats how the stocks reacted think what 3rd parties will do

John Funk:
Once again, this just proves the need to delete the word "gimmick" from the English language.

I agree. Now here is the REAL question. What ARE we, as consumers, to get from the new console? Now if I remember correctly Sony and Microsoft are trying to be this huge multi-media machine while Nintendo, since the beginning, have been focusing on just being a video game console. If, and that is a really big "IF", Nintendo can bring out 3rd party support and an online connection that can rival Sony and Microsofts connection, well than we now have a console that does the one thing that many of us "video game enthusiasts" want...a console just to play video games on. That is what I (Me, myself speaking) want. I want to put in a video game into my console and play a video game. If I want anything else, I already have a computer in the house.

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