Bloomberg talks out its rear quite often. Remember all those Switch Pro and 4K DLSS rumors and “leaks” they tried to push?
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Nintendo Sinks After Game Makers Say Switch 2 Pushed to 2025
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Miyazaki’s Slave
Gold Member
Why release new hardware when EVERY KEY MARKET is in a recession or on the cusp of one?
Sony's (unannounced) hardware plans for the PS5 Pro will also target 2025.
This is about market confidence...not g@m3r confidence. Investment in "entertainment software" has taken a nose dive and when the players in this space have to use THEIR money to release products those purse strings snap closed really quickly.
Sony's (unannounced) hardware plans for the PS5 Pro will also target 2025.
This is about market confidence...not g@m3r confidence. Investment in "entertainment software" has taken a nose dive and when the players in this space have to use THEIR money to release products those purse strings snap closed really quickly.
Luigi Mario
Member
You have to remember, he is probably still mad about Nintendo shooting down the Switch Pro rumors.
Which only got a lot of traction in large part due to his reporting.
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Dr. Wilkinson
Member
Aaaaand this is why you don't run your company based on reactionary share price fluctuations. All they care about is money, growth, growth, and money. They don't care about good products or satisfied customers. They just want money money money money why isnt there more money than last time money money money.
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Dr. Wilkinson
Member
That was absolutely planned at one point, it just didn't make it to market. Nintendo pivoted internally & decided to just do a full-on successor instead. We'll never know all the reasons, but likely component costs/ post-COVID supply chain issues/ and Switch continuing to do so well were all part of the decision process. They decided in the end to just do a minor cosmetic refresh, and they ended up with the OLED model.
There were enough rumors about it all from different sources that it was absolutely a thing. I know some people need to hear this occasionally, but products in development are canceled *all the time*, even at Nintendo.
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DonkeyPunchJr
World’s Biggest Weeb
you really think they’re just sitting on Switch 2 stock and they’re trying to time the market? Sounds unlikely.
BTW at least in the US, consumer spending has been ridiculously, stubbornly strong. If anything they’d try to get in on that before this “recession” that “experts” have sworn is imminent for the last 2 years.
Guerilla Munch
Member
bros i have $400+ in gamestop credit after trading in my old lcd switch and series x
do i get a PS5 now or wait for the Pro? I'm getting the feeling that the Pro will be delayed also
do i get a PS5 now or wait for the Pro? I'm getting the feeling that the Pro will be delayed also
SmokedMeat
Gamer™
“Sinks” lmfao
Could be worse. It’s not like their entire business model needs to be reworked.
Could be worse. It’s not like their entire business model needs to be reworked.
S0ULZB0URNE
Member
It's a new level of cope defense from the fanboys.
WhiteWaterM00se
Member
Common now. No one is talking about sales Of software. They did a wonderful job of software sales. No doubt. Don’t move goalposts.
The reason the stock is down today is because investors are concerned about management’s planning. That is predictable and fair. Look at the situation that Sony and MS find themselves in right now.
It is fair to question Nintendo. I am not a naysayer, but I find it odd that so many people are Nintendo or Sony or MS apologist. Sony margins are razor thin, and MS has yet to turn a profit on Xbox. It is a LOSS, annually.
Guess what Everyone, the console warriors can not keep these gaming companies afloat alone. You need an ever widening audience.
Understand now why they are so concerned? The console warriors average age is late 30’s. Yeah, that is not good. Remember when console gaming was for kids thru High schoolers? What do those kids predominately game on Today? Not consoles.
Console is an ever shrinking or stagnant market. As has shown by recent reports surrounding Xbox.
This is not doom and gloom to say Nintendo needs to go 3rd party. But, future planning is more important that it has ever been. These investors are correct to ask about “the plan” going forward.
It is also fair to question how efficient the software teams are planning, and executing the plan for future releases. This is something we are seeing as a problem at Xbox, Sony, Ubisoft, WB, EA, and Activision. Nintendo with as well as Switch has done, should still face the same questions.
As for Iwata, may he rest in peace. Nintendo has now moved on, and can not live in the past. They can use his principles as a guide, similar to how Apple does with Steve Jobs. Anything more than that is a mistake.
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Miyazaki’s Slave
Gold Member
No of course not, they are waiting to manufacture them.
You can I see consumer spending here in the US very differently. I don't consider spending $3.15 for a loaf of Wonder Bread to be "stubbornly strong".
DonkeyPunchJr
World’s Biggest Weeb
You can see it however you want. You’re wrong. People are spending more even after accounting for inflation.
US consumers keep spending despite high prices and their own gloomy outlook. Can it last?
A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that Americans themselves have expressed in opi
apnews.com
Dorfdad
Gold Member
Meh their stock isn’t worth really owning +7 over 5 years much better investment opportunities imho.
S0ULZB0URNE
Member
Tams
Member
Yep. I'm going to load up on Nintendo shares.
lh032
I cry about Xbox and hate PlayStation.
thats not a good thing? i mean the switch struggles to run most of the 3rd party games.Still selling consoles and softwares even after 7+yrs
Miyazaki’s Slave
Gold Member
Sounds good…I’m sure everything is fine!!You can see it however you want. You’re wrong. People are spending more even after accounting for inflation.
US consumers keep spending despite high prices and their own gloomy outlook. Can it last?
A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that Americans themselves have expressed in opi
U.S. consumers will soon wake up to ‘out of control’ interest on their credit cards, economist says
Real incomes are not rising enough to cover the increase in debt burdens, according to Carl Weinberg.
www.cnbc.com
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TheThreadsThatBindUs
Member
This is how rumour mongers play the stock markets....
- Buy Nintendo stock
- Start BS rumour about a Switch 2 release in 2024
- Stock price rises
- Sell stocks
- profit
- Short Nintendo stocks
- Wait a bit
- Market realises Switch 2 is not releasing in 2024
- Stock price falls
- profit again
StreetsofBeige
Gold Member
Nintendo is a weird company.
Despite awesome success in gaming, their stock has been junk for 20 years. Ya, you can make money off it if you timed buying it low, but you're not coming close to the same stock performance like other big tech companies the past decade or two.
In the chart, press the Max button.
https://finance.yahoo.com/quote/NTDOY?.tsrc=fin-srch
Despite awesome success in gaming, their stock has been junk for 20 years. Ya, you can make money off it if you timed buying it low, but you're not coming close to the same stock performance like other big tech companies the past decade or two.
In the chart, press the Max button.
https://finance.yahoo.com/quote/NTDOY?.tsrc=fin-srch
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El Muerto
Member
Now's the time to buy. Stocks always take a hit when bad news comes out. But we know Nintendo is a strong company, operates at a profit, and will release a new console eventually. The stock will jump when their next console releases and cool down later. That is unless their new hardware bombs which usually happens after they have a successful console.
daclynk
Member
then they should optimize them well
Emedan
Member
In 2024, they have to renew their failure to compete at Xbox level.
The picture is confusing, were he a kid with mustache and grow as a teenager? , sure kids grow so fast but when did he left his childhood period after eons of being an infant?I don't know about you but I don't want to see this Mario anyway:
Killjoy-NL
Member
#NintendoToo
Woopah
Member
I would say it's number 1. Games taking longer than predicted is fairly common.
For example, GT7 and Horizon 2 were both scheduled to release before holiday 2021, but they needed more time and so were pushed back to Q1 2023.
I imagine it's a similar thing here. Nintendo had 1 or 2 big Switch 2 games that need a little longer to get to right quality. They want Switch 2 to have a strong launch window, so they are delaying it to align with key software.
It wouldn't be the first time a hardware delay happened. 3DS was originally planned for holiday 2010, but then was internally delayed to Q1 2011 (in that case it was due to a lack of supply, rather than software).
OuterLimits
Member
The likely delay of several months/half year or so doesn't bother me that much. However, I do regret not upgrading to the OLED last year now.
KungFucius
King Snowflake
They could also just have determined that it makes more financial sense to wait until next year. If they think they can sell millions of games on Switch this holiday that would be cannibalized by Switch 2 sales then maybe that is what happened. Or that coupled to a harder than expected time in manufacturing enough units, etc.
Regardless of what is happening, we had what 4 years of bullshit rumors on Switch Pro so it is really hard to take anything as fact until we get some actual information from Nintendo.
Rat Rage
Member
This is exactly it.