Several hours ago, we told you that Nintendo's pre-Tokyo Game Show conference, in which the Big N revealed a handful of upcoming 3DS titles, caused such unrest amongst shareholders that the company's stock dropped by 5% as a result. As it turns out, that... wasn't entirely true.
On page 20 of this Nintendo stock drop thread on NeoGAF, several posters noticed that Nintendo's stock actually fell prior to the conference. Now, I will be up front with the fact that I can't read stock charts for beans, and I'm only going by what these more financially savvy cats are saying. Nonetheless, if what they say is true, the stock drop was just your typical market fluctuation, completely unrelated to the conference. In fact, stock quickly returned to pre-drop levels, so this has been a whole lot of worry over nothing.
I'm quite surprised that the folks at Reuters didn't catch their mistake right away, what with finance being their job and all. I guess the thrill of posting a "Nintendo is doomed" article was too enticing to allow them to think straight. Still, that doesn't erase the shareholders' sentiment that Nintendo had a poor showing, although I doubt anything save an announcement of a true Mario or Pokémon game on iPhone would have satisfied them. For what it's worth, I am looking forward to a number of games that were on display, like the oddly named Bravely Default. Doesn't that sound like a fairy who has missed a loan payment yet is unafraid of the consequences?
Tony Ponce (aka megaStryke) is a culturally confused, Canadian-born Puerto Rican who grew up in Japan and South Florida ... yet can only speak English. He specializes in writing features and maintaining an immaculate goatee. Likes: Any and all things related to Mega Man, Contra, Castlevania, 2D, PB&J sandwiches, applesauce, and candy corn.
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Contest:
8:45 PM on 09.13.2011 | 
I write for Reuters now?
It's also weird to think about the fact that Nintendo is the last gaming company still making consoles. The focus always seems to be the software giant vs the consumer electronics juggernaut, with the scrappy gaming mainstay off to the side.
The weirdest thing of all is how all of this seems so normal now. Hopefully Nintendo pulls its shit together. They've been a gaming company for 100+ years, and I don't want to imagine a gaming landscape without what they bring to the table.
/s
Also that's good news that Nintendo isn't doomed.
wooo.
And definitely lol @ journa1ism!!1!!1
God forbid we take 5 seconds to double check a simple chart before reporting on another sites report :/
"Stocks schmocks, pffft."
Yes it does! :D
as for our friends well, it seems many people are eager to perpetuate the doom and gloom scenario of the financial world...
OR they are simply lazy copylawlcats.. sharing the same source. Too lazy to actually check out FACTS before they post anything. :D
That is not good.. not good indeed!
But Jim, practically most comments against you is pretty dumb.
Don't you mean you only respond to the ones you love?
I won't judge Jim or the site for this though, even God's most glorious creation makes mistakes.
Also lol @everyone getting upset and who will get upset at Jim.
Then again, hoping for Nintendo to FAIL is just immature, selfish and dumb. I sincerely believe such is not his will, though the blunt wording definitely could lead to such interpretation. As it stands, I'm glad the Destructoid team caught onto the mistake and it nows stands corrected. Peace. And 2D/2,5D/3D² Metroid for 3DS, as soon as fucking possible.
@GoofierBrute
Keep being the ball dryer rent boy that you are.
For fuck's sake, give the man a break.
Lmao!! That was a good one lol
I will, thank you for noticing.
OH MY GAWD, JIM WAS WRONG THERE FOR A SECOND YOU GUYS!
Your saying Jim's the one trolling let's look at your comment history.
I am sorry, guys.
I can, however, blame him for exaggeration and sensationalism, and even worse, for being unfunny in his sarcastic "I'm sorry" post. Also, for that whole lack of dignity thing.
Seriously, though, with as much as Sterling does misrepresent the truth in his posts, it really is kind of amusing that this time it wasn't his fault. Give the guy a break on this one.
"YOU WERE WRONG IDIOT"
Keep it classy guys.
Keep it up buddy, watching you stir the hornets nest is half the reason I come here. :-)
But what I don't understand is his hate for Nintendo's conference. Honestly, the announcements they made were just the things I needed to hear to renew my excitement and desire to own a 3DS. If Jim doesn't like Paper Mario, Luigi's Mansion 2, Fire Emblem, Super Mario 3D, Mario Kart, and Monster Hunter, then I think there's a different issue at hand, like maybe Dtoid should get someone else to report Nintendo news seeing as Jim apparently has no interest in it. Nothing wrong with that, but just have him report things he actually cares about.
Does that include Sterling too?