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Nintendo Stock Drops After E3 Presentations

by Nicholas Bray - June 7, 2012, 4:33 pm EDT
Total comments: 41 Source: http://www.mcvuk.com/news/read/nintendo-shares-fal...

Nintendo stock has dropped in Japan due to bad reactions from E3.

Nintendo's stock has fallen by 2.68 percent on the Japanese stock exchange, seemingly because of the bad reaction to Nintendo's E3 presentation.

Nintendo has been criticised over the past couple of days by various press outlets, due to the fact that many felt they did not reveal many new titles and headline-worthy game announcements. The bad press has apparently affected stock holder faith in the company's upcoming products.

Talkback

the asylumJune 07, 2012

Its almost as if people buy consoles for these things called "games."

SarailJune 07, 2012

Seriously. Nintendo has got to get out of this rut of only announcing games that are 6 to 8 months from release. What happened to the old days of getting your fans hyped by announcing a new game that was a year to two years away? What happened to showing footage of a game like Ocarina of Time three years before it's eventual release?! I miss those days of Nintendo. Truly was an exciting time to be a fan of this company.


Nowadays? Not so much.


If Nintendo really wanted to knock our socks off at E3, they would have announced and shown a snippet of what Retro was working on, a glimpse of the amazing graphics Monolith Soft is creating with their next IP, and any new game featuring Ninty's established franchises.. be it Star Fox, F-Zero, etc.


But instead of that, Ubisoft walks away the winner of E3. And that's a crying shame.

AVJune 07, 2012

Sony's went up after press conference but now is down again, same with microsoft. These reports are really not helpful .

0-WattAlex Wanschura, Contributing WriterJune 07, 2012

Yeah, it doesn't make much sense to track stocks too much in this way.  Yes, it went down when Nintendo announced stuff from E3, but there are many more factors involved, and stockholders are usually informed of announcements before they occur.

AdrockJune 07, 2012

Quote from: Rachtman

Seriously. Nintendo has got to get out of this rut of only announcing games that are 6 to 8 months from release. What happened to the old days of getting your fans hyped by announcing a new game that was a year to two years away? What happened to showing footage of a game like Ocarina of Time three years before it's eventual release?! I miss those days of Nintendo. Truly was an exciting time to be a fan of this company.

I don't really like that at all. Unless they're ready to release something within at most a year (even that might be too long since shit could hit the fan with that much development time left), I'd rather they just keep working on it and delay in secret if they have to. I don't want to know they they planned poorly or that they decided what they spent months working on had to be thrown out. I don't want to wait 3 years after being told I only had to wait 1. What you show me 3 years ago could be a completely different game come launch. Show me the game I'm going to get and get soon.

lifetimeofnotJune 07, 2012

does this really surprise anyone?

the asylumJune 07, 2012

Perhaps this is a blessing in disguise.

This may just be the slap in the face that Nintendo really needs right about now.

AdrockJune 07, 2012

Stocks rise and fall all the time. If someone starts just a rumor that Nintendo is buying, say, Capcom, stocks of both companies would rise dramatically. Just on a rumor, not a real announcement.

GIkariJune 07, 2012

I think the franchises are a given at this point, everyone knows they're coming for every system each time. I think Nintendo tried to show what they have other than the franchises, plus the hardware, as opposed to "your favorite franchises... again!" It backfired a little.

SarailJune 07, 2012

Honestly, I'd rather just start seeing tons of new IPs from Nintendo. I'm hearing Blizzard's up for sale possibly...

lifetimeofnotJune 07, 2012

The only good thing that can come out of this is a low launch price. Nobody seems interested in the wiiU right now. so hopefully we wont have another 3ds price situation.

Mop it upJune 07, 2012

Buy on the rumour, sell on the reveal, right?

SarailJune 07, 2012

http://pages.suddenlink.net/ryanclayton/site/Photos/talkytalk.png
THIS.

This is the kind of talk Nintendo gets from outside the world of Nintendo. These are two friends of mine, and it's funny how "Zo" mentions it's bad being first out of the gate, when he's such a diehard Xbox fan.  :rolleyes:

If Nintendo wants stocks to rise, if Nintendo wants positive press and word-of-mouth from consumers/gamers all of the world... then it HAS to get serious. What I saw at E3 was only half that.

I want more. We need more. It's all in how Nintendo promotes itself. And it does a horrible job of that.

I apologize if I've been sounding a bit negative as of late, and honestly, I'm actually stoked about the launch lineup/window of the Wii U (there's SEVEN games I want!)...

But man, gotta promote yourself as a serious contender, Nintendo. >_

nickmitchJune 07, 2012

I feel like every tech company sees it's stocks dropping after big press conferences/annoucnements. It certainly happens to Apple a lot. I wouldn't use the stock price as a metric for how well E3 went.

No need to worry. E3 is only for investors!  It's not for the fans!  Surely what Nintendo announced will please investors, as it was clearly meant for them!

WAITAMINUTE

oohhboyHong Hang Ho, Staff AlumnusJune 07, 2012

I wanted to say something really smart, but Lindy nailed it.

This shit isn't news. Stocks can bounce a couple percent for no reason other than some computers playing poker against each other using stocks as chips.

TennindoJune 07, 2012

I understand where ppl are coming from. the lack of many Wii U titles was present but at least they showed us what we will have at launch. At least I hope.
My main problem was how they just shoved 3DS off. Nothing new at all. Just the same games we seen Last year.  Really Nintendo? You could have at least given us something new to dream about, and Why is NSMB2 coming out b4 any of the games you announced at last years E3.. I want Animal Crossing dammit!!!!

broodwarsJune 07, 2012

Like Lindy, I find the total 180 from some on this site amusing.

Nintendo puts out a bad E3 press conference:

"Hey, the conference wasn't for us!  It was for the investors and the other people who don't generally follow gaming!  That's the stuff they love!"

Nintendo Investors sell off their stock:

"Well what do those investors know?  They wanted Nintendo to develop for mobile phones!  What they think and want isn't really important!"

It was a bad press conference that failed to live up to probably anyone's expectations (and was just terrible in general).  Nintendo's stock deserved to plunge as a result.  It'll probably tick back up once Golden Showers releases and people let nostalgia take over.

YmeegodJune 07, 2012

Think that's bad what about the WII? Were any titles at E3?  Last Story is about to ship and DQX could have at least been in a two second reel.

And then the press should have an IQ test--read a couple of reports about Nintendo's new tablet accessory for the WII--and that's coming from people who attended the show?  Guess they must have dozen off or was to busy playing Angry Birds in Space on their freaking cell phones.

ChiramiiJune 07, 2012

Quote from: Adrock

Stocks rise and fall all the time. If someone starts just a rumor that Nintendo is buying, say, Capcom, stocks of both companies would rise dramatically. Just on a rumor, not a real announcement.

So I herd Nintendo is buying Capcom...



True story.

Chozo GhostJune 07, 2012

So basically this is just a repeat of E3 2011.

I'm glad Nintendo's stocks are taking a blow. Its been obvious over these last few years that Nintendo doesn't care what core gamers think, but I know they do care what their stockholders think... so this should get their attention. When a few people on a fan site complain about the lack of games Nintendo doesn't give a ****, but when the stockholders dump their stock, now they'll give a ****.

It doesn't happen often, but this time at least I think the stockholders are right on the money. They were wrong about Nintendo needing to go third party and support Android and Ipad, but this time they are dead right. The more we learn about the Wii U the more its looking like its doomed to failure. Its like Nintendo went OUT OF THEIR WAY to make the console look exactly the same as the Wii, and the name "Wii U"? Yeah, how could that possibly get people confused? I'm sure consumers will look at the Wii U and immediately know its something different from the Wiis that are gathering dust in their living rooms.

I don't know if Nintendo has noticed or not, but Wii system and software sales have seen a sharp decline these last few years. The fad is wearing off.... no one cares anymore. So how do they respond to a declining fad? They pump out more of the same. Am I the only one who can already see how this is going to go very wrong? Apparently the investors agree. The Wii fad is over. This isn't 2007 anymore.

VahneJune 07, 2012

It's just stocks, but this time I think Nintendo deserves to have their stocks falling after how disappointing this E3 was. At least Nintendo's own show this fall should be good. Seems like Nintendo doesn't care for E3 anymore.

AdrockJune 07, 2012

The exact same thing would have happened if Nintendo showed more games, even big guns like Zelda and Smash Bros. Investors aren't "dumping stocks" so much as they're "playing the stock market." This happens to Apple too. You know, most-valuable-company-in-the-world Apple. There's nothing to see here. Move along, people.

UncleBobRichard Cook, Guest ContributorJune 08, 2012

Thankfully, Nintendo's never seemed to be the type of company to worry too much about the price of stocks or investors.  I believe that the vast majority of the company is still held within the family, so I don't think they're too concerned about any kind of uprising.

SundoulosJune 08, 2012

Based on the recent performance of nearly every tech stock I own (in some form or another), I must surmise that they all had bad presentations over the last three weeks or so.

NintendoFanboyJune 08, 2012

Funny how we though Iwata was saying Nintendo learned its lesson with 3DS MEANING
they needed to keep the price down and have a killer line up.
What they apparently learned was "We need to have a New super mario game at launch".
That will be enough.
Not buying this holiday. humm, goodbye 3rd party support.

Chozo GhostJune 08, 2012

Should we start taking bets on if the Wii U ends up being like the 3DS in that it fails to sell and then Nintendo is forced to slash the price after only a few months and then they launch a "Wii U Ambassador" program and give a bunch of virtual console games to those who had just paid full price for their Wii U? Because I can see that potentially happening.

0-WattAlex Wanschura, Contributing WriterJune 08, 2012

@NintendoFanboy:

3DS launched with Steel Diver, Pilotwings Resort, and Nintendogs+Cats.  It also was 250 for a handheld.
Wii U looks like it will launch with NSMBU, Nintendo Land (possibly a pack-in), P-100, Wii Fit U, and Pikmin 3 (or close to launch).

The lineup is much better.  Heck, the Wii launched with Zelda, Excite Truck, and Wii Sports.  I'd even go and say that the Wii U launch is better than the Wii's.

They kept bigger 2013 games close to the chest, despite our desires for them to release them.  Even 3DS games they showed stayed within 2012.  This is more secretive of Nintendo than ever before, and that's odd.

@Chozo Ghost.

It won't fail at 3DS levels.  It launches with a New Super Mario Bros. game among other things.  The 3DS didn't get its first original major Nintendo release until months after launch.

Quote from: 0-Watt

stockholders are usually informed of announcements before they occur.

No, it doesn't work like that. Insider trading and all that.

pandaradoxJune 08, 2012

I don't think most investors watch the E3 conference.  They watch reactions.  The press is definitely saturated with reports and hungry for any rumors or tidbits they can find.  The result is that everyone saw a lot of Nintendo's stuff coming and this is true for Microsoft and Sony as well.  It's hard to maintain a lot of secrecy and, because of that, E3 has transformed to for-the-gamers with an investor-oriented facade.  The investors are judging sellability on the reactions of a rather calloused population.  It's the unfortunate state of the industry reaching critical mass. 


I think on marketing, Nintendo will be selling this stuff successfully and has the most to tap into a casual gamer keg as they already have a foothold.  Microsoft is trying to get a slice because Sony is winning out the core gamer.  As for good content, Sony put out what their following wanted to see.  Nintendo does Blue Ocean: Introducing that new generation of gamer to a nice transition to more core experiences.  This is the Super Nintendo of Wii.  It's just being viewed through an updated lens.  It's a delicate situation where Nintendo can't abandon the cash cow but needs third-party support.  The result is the rather middle of the road conference. 


With all that being said: Nintendo probably knows the stock would drop and a 30 cent drop is nothing significant given that they were near $40 early last year and this is probably one of the better outcomes from the conference.  Some investors hopped on to take advantage of the low share price and are just as likely to jump ship at the first breath of negativity.  Nintendo Endures.  Remember, it's always the first to break through a wall that gets the bloodiest. 

Ian SaneJune 08, 2012

E3 is the big videogame industry event so for Nintendo to not be so into E3 just doesn't make sense.  Why not show your stuff at the big industry event where everyone is expected to show their stuff?  What do you gain by bucking the trend in this case?  This is the time to show your stuff.  And then you call THREE conferences to show less stuff than normal?  What sort of weirdo logic is that?

Whether Nintendo likes it or not, this was the Wii U's coming out party.  This was when everyone was paying attention and Nintendo blew it.

Quote from: pandaradox

I don't think most investors watch the E3 conference.  They watch reactions.

After the conference, analysts swarm the place to gauge reactions and there's an analyst conference the next day. That's the more traditional method of investors getting info.

pandaradoxJune 08, 2012

That's still based on a media that's already calloused though.  It's hard to be surprised.

NintendoFanboyJune 09, 2012

One good thing outta the e3 lack luster reaction might be a lower price point.
But then Its got a NEW SUPER MARIO game in the launch window, so that will sell 25 million NS6 units?
FROM HERE FORWARD I WILL REFER to the W**# as NS6. i will never again utter that
rediculous name.

CaterkillerMatthew Osborne, Contributing WriterJune 11, 2012

Nintendo showed Mario U and Pikmin 3 which most of you will buy. They let 3rd parties show off their games in full force and we got a few exclusives. How does Nintendo not care about you(me included) loser hard core gamers?

If these are the launch and launch window games this is fantastic! I never in my life thought I would want so many 3rd party titles all at once.

Dark Siders 2, AC3, Aliens, Trine, Rayman, Mass Effect 3, ZombiU, Batman, Tekken Tag and that P-100 game! How is all that not exciting? Or a great hint that Nintendo is moving in the preferred direction? Not all of these games are out yet either, at least 2 are exclusive and so far we know the best versions of AC3, Aliens, and Ninja Gaiden will be on Wii U.

Just because the franchises that you wan't aren't shown don't mean they do not exist. We know new IP's are being made and we know Nintendo's core franchises are in the works. Isn't the general consensus on these boards that Nintendo needs to make new IP's anyway? Yet everyone is complaining there is no Star Fox, Metroid, Zelda or F-Zero shown.  Some of you have no brains what so ever, just ignorant mutha fletchers who have gotten what they want but it's never enough. 

broodwarsJune 11, 2012

Quote from: Caterkiller

Dark Siders 2, AC3, Aliens, Trine, Rayman, Mass Effect 3, ZombiU, Batman, Tekken Tag and that P-100 game! How is all that not exciting?

They're not exciting because they're known quantities, and Nintendo has never really established a reason why I'd want to play them on Wii U.  10 million people (myself included) already bought Batman last year; Mass Effect 3 will mean even less than it already does on Wii U without the previous games in the series (there is seriously no reason for anyone to buy that version of the game); and I already played Trine 2 to death last year as well.  If they're new to you, great.  But if you cared about those games, it's extremely likely that you already bought and invested an unhealthy amount of time into them.

As for the others, it's a a mixture of "I don't care about that genre" and "why would I want to play these on Wii U when I can already play them on platforms I already own?"

Nintendo's big failure this E3 is that they never made their case for the Wii U as the definitive gaming experience for anything multi-platform.  I've been waiting for Nintendo to truly prove the GamePad as a must-have, experience-redefining device since they announced the Wii U.  Instead, they've shown exactly what I thought it'd be: the same gimmicky, unnecessary map/status screens that were common on the DS and 3DS.  And until they show how the Wii U versions are truly "definitive", its' hard to get excited over ports.

Quote:

so far we know the best versions of AC3, Aliens, and Ninja Gaiden will be on Wii U.

...Some of you have no brains what so ever, just ignorant mutha fletchers who have gotten what they want but it's never enough.

Naturally, you've played all the various versions of these games, including the Wii U version, so you could have an informed opinion.  Otherwise, that would make you quite the "ignorant mutha fletcher".

Quote:

We know new IP's are being made...

And "we know" this because...Science?  Magic?  A predestination paradox?  Seriously, how do you know that "new IPs" are being made?

If we take the rumor that Retro's game was supposed to be there but cut at the last second for not being ready yet as the truth, that makes it pretty likely, at least the way I see it, that they're working on a new IP. If they were doing Zelda or Star Fox it would have been easy to put together a trailer to get people excited and not worry about whether it was ready to be shown; hell, that seems to be standard operating procedure for Nintendo with Zelda. The fact that they were hesitant to show it makes it seem like they're doing something different that they want to make a good first impression with. Of course, that's a ton of speculation based on something that may not even be true.

CaterkillerMatthew Osborne, Contributing WriterJune 11, 2012

Quote from: broodwars

Quote from: Caterkiller

Dark Siders 2, AC3, Aliens, Trine, Rayman, Mass Effect 3, ZombiU, Batman, Tekken Tag and that P-100 game! How is all that not exciting?

They're not exciting because they're known quantities, and Nintendo has never really established a reason why I'd want to play them on Wii U.  10 million people (myself included) already bought Batman last year; Mass Effect 3 will mean even less than it already does on Wii U without the previous games in the series (there is seriously no reason for anyone to buy that version of the game); and I already played Trine 2 to death last year as well.  If they're new to you, great.  But if you cared about those games, it's extremely likely that you already bought and invested an unhealthy amount of time into them.

As for the others, it's a a mixture of "I don't care about that genre" and "why would I want to play these on Wii U when I can already play them on platforms I already own?"

Nintendo's big failure this E3 is that they never made their case for the Wii U as the definitive gaming experience for anything multi-platform.  I've been waiting for Nintendo to truly prove the GamePad as a must-have, experience-redefining device since they announced the Wii U.  Instead, they've shown exactly what I thought it'd be: the same gimmicky, unnecessary map/status screens that were common on the DS and 3DS.  And until they show how the Wii U versions are truly "definitive", its' hard to get excited over ports.

Quote:

so far we know the best versions of AC3, Aliens, and Ninja Gaiden will be on Wii U.

...Some of you have no brains what so ever, just ignorant mutha fletchers who have gotten what they want but it's never enough.

Naturally, you've played all the various versions of these games, including the Wii U version, so you could have an informed opinion.  Otherwise, that would make you quite the "ignorant mutha fletcher".

Quote:

We know new IP's are being made and we know Nintendo's core franchises are in the works.

And "we know" this because...Science?  Magic?  A predestination paradox?  Seriously, how do you know that "new IPs" are being made?

You are right about no real surprises this E3 i'll give you that. But again, according to many people here, if it didn't show up at E3 it basically doesn't exist. If these are the launch window games let them get the lime light, it's an awesome launch. If you already have access to these games good for you, stick with what you've got. You don't want Pikmin and Rayman right away or at all, fine. Surprise or not they are brand new exclusives for Wii U, and people like me who are Nintendo only will scoop those 2 up along with the ports that have already been released on other systems. Nintendo gave so much attention to 3rd parties during there conference and what they had to show on the show floor, if that isn't a sign of change I don't know what is.

And though you don't care about the genres, Wii U still has the exclusive ZombiU, Rayman, and P-100. That is something and being at the very start of Nintendo's new generation I expected nothing but ports what so ever. The final dev kit's just came out like a week before or maybe during E3, I don't doubt more ground up Wii U games are being made from 3rd parties.

As for Miyamoto, we've read in several interviews that he is working on something new. It's no longer a matter of if but when. The best article I can find is this one down below, which doesn't specifically say new IP so it could just be an existing franchise. There are more like this that have popped up this year saying there are multiple new IP's he is working on.
http://www.joystiq.com/2012/06/06/miyamoto-designing-a-new-game-but-itll-be-a-while/

As for the "better" versions of the games I listed, I'm going by developer interviews who claim as such with the Upads convenience of use within gameplay along with sharper graphics because of the superior hardware. I only played a AC3 to compare, talked directly to the source about aliens, and if Ninja Gaiden adds more gore and is being worked on by Nintendo as well it will be a better game by default.

Regarding the gimmicks, I guess you just have to play with the control to get the idea. The Nintendo land games  and that panorama viewing demo are the best example of the possibilities for full fledged titles. That isometric gameplay is a big deal to me and co-op games are going to get such a huge boost from that.

broodwarsJune 11, 2012

I'm actually quite interested in Rayman Legends, but I thought that was a multiplatform release?  If it isn't, Ubisoft is throwing away quite a bit of money considering they ported Rayman Origins to just about everything.

And devs can talk-up their Wii U ports all they like, but that's all it is: PR spin.  The proof is in the final product, and considering how many bad PS3 ports devs have put out over the years I'm skeptical the Wii U ports will be any better.

Luigi DudeJune 11, 2012

Quote from: broodwars

I'm actually quite interested in Rayman Legends, but I thought that was a multiplatform release?  If it isn't, Ubisoft is throwing away quite a bit of money considering they ported Rayman Origins to just about everything.

Not really since Origins wasn't that big of a seller.  Ubisoft said it was profitable but the fact they didn't give numbers means the sales weren't that hot.  Making this one Wii U exclusive and a launch game will help to ensure it gets a lot more attention this time then Origins did which should result in bigger sales.

If Ubisofts Wii launch games like Raving Rabbids and Red Steel were million sellers because of exclusive hype, they're hoping Rayman Legends will do the same thing. 

SundoulosJune 12, 2012

The world stock market as a whole is extremely fickle right now; it would be a mistake to read too much into the falling and rising of stock over a period of a few days.

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