>...SMBC Nikko Securities Inc. reduced its recommendation of Nintendo stock - from "neutral" to "underperform."
>They did that in part because they're now expecting Nintendo's smartphone games will not make "full contributions" to Nintendo's bottom line until the year ending March 2018. That must have spooked some investors, as Nintendo shares tumbled, closing down 7.6 percent.
>SMBC Nikko analyst Eiji Maeda wrote in a report released this week that Nintendo's operating income for the fiscal year starting April 1 will be around 30 billion yen ($253 million), which is apparently less than half of previous estimates. This downturn is based on projected lower 3DS sales and the aforementioned smartphone revenue.
So, this is really bad, it's going to be a full fiscal year before mobile will have any positive impact on their bottom line period, and they also estimating their fiscal year OPERATING (not even net) income to be LESS THAN HALF of previous estimates. Maybe they really should go hardware - people don't want their hardware anymore.
The sharpest fall in 2 months? HOLY SHIT, Nintendo is finished! 2 months worth of data and this is the sharpest decrease? That sample size is so large! There's like, at least 300 hours of stock trading time in 2 months!
I hate the 24 hour news cycle.
The'yre jumping ship because of what is explained in the OP actually
The '2 months' is significant because 2 months ago Nintendo announced the delay of their mobile software and the fact that their first app was going to be a LINE avatar rip off and the stock dipped hard
No it fell because of what is stated in the OP, mobile will not affect their bottom line positively until a full year later and their profit estimate was slashed in half, we need to do something to help Nintendo succeed
Actually you are the one who must be so assblasted over the PS4's success that whenever someone brings bad news about Nintendo to the forefront you scream SONYGGER as if that is going to change anything instead of talking about what can be done as fans of Nintendo to stop the bleeding, you are killing them you fucking cuck
I can't believe they are putting actual Nintendo EAD developers on mobile games, it makes me so FUCKING MAD
They want to make good games for mobile and not sell out like everyone else and just make crap.
NO mobile games are garbage and just because Nintendo make them doesn't mean I'm going to just magically change my mind ,I want them to make top tier console games, how can we get them to understand that?
>build reputation for consoles and quality assured games
>decide to stop making consoles and jump into the mobile market that notoriously lacks quality control and unabashed stolen/ripoff games are the most popular and profitable
>they also estimating their fiscal year OPERATING (not even net) income to be LESS THAN HALF of previous estimates.
ironic cnsidering the good wiiU figures this christmas. I wis 4chan had an /investor/ board so those niggers would get socially trashed when they fail all their prophecy.