games  anime  |  toys
Destructoid is gaming news, community, videos, and sometimes love. Take the tour or jump in with Facebook:

 


Nintendo stock drops after DSi announcement photo

If you didn't find Nintendo's announcement of the new DSi handheld very exciting, you're not alone. Investors were pretty non-plussed also and the company's stock plummeted 8.7% the day after the reveal.

Yoku Ihara, an analyst at Retela Crea Securities Com told Bloomberg that, "Nintendo's announcement on the DS didn't exceed investors' expectations."

Nintendo's stock has been in a significant decline since peaking last October. In 2008 so far, the value has decreased 41% due in part to the strengthening Yen and the current global financial market crisis. Still, the drop today has to hit pretty hard, and it's almost certainly due to the press conference announcement.

While I'm no expert and am judging by what I've been reading around the web, it doesn't sound as though the DSi is going to print money they way its predecessors has. It's hard to say how much Nintendo really has riding on this one, though, as the Wii is still going strong and the DS Lite is selling fairly well. 

Do you think Nintendo can turn this ship around again, or is the honeymoon over?

[Via GamesIndustry]


Continue: More Nintendo stories





prev next

33 comments | showing # 1 to 33

Tron Knotts's Avatar
Tron Knotts at 10/03/2008 08:21
DSi = Gameboy Micro
jackal27's Avatar
jackal27 at 10/03/2008 08:26
@Tron Knotts- Kinda.....

Anyway, I think one reason might be because people see it as Nintendo trying to follow the crowd? It's funny because it seems like we're coming around full circle here, originally game consoles were sold to do other stuff as well as play games, but they didn't really take off until consoles started being released that ONLY played games. Now consoles are back to being more than just game machines.

I think that the Japanese are especially abrasive to this and the fact that Nintendo's new version of the DS can play music, browse the internet, take pictures, etc etc. might be frightening some investors off. However, I'm sure it'll sell very well and the sun will still rise. I just hope Nintendo doesn't get caught up in building a machine that happens to play games like Sony has this generation.
Tubatic's Avatar
Tubatic at 10/03/2008 08:27
seems like an iPhone or GTFO mentality from the market
Spectreman's Avatar
Spectreman at 10/03/2008 08:32
* Stock marketing is a shit game.
Rainbowblack's Avatar
Rainbowblack at 10/03/2008 08:36
investors aren't the ones buying nintendo products, so they weren't impressed big deal

every little Jimmy and soccer mom are going to fighting over this in wallmart this December. don't be fooled it will print money
error2k2's Avatar
error2k2 at 10/03/2008 08:41
Oh shi-
Quick, get a new patch of money printing ink!
atastysammich's Avatar
atastysammich at 10/03/2008 08:44
For better or worse, Nintendo's gotten pretty comfortable with first place--a slight dip in the stock doesn't exactly spell doom for their new handheld. Slight upgrade that it is, it'll sell a bajillion units, because they know it will.

If their stock didn't bottom out after E3, nothing short of surprise bankruptcy will scare all the investors away.
Jesus H Christ's Avatar
Jesus H Christ at 10/03/2008 08:45
Just wait until they come out with a Nintendogs that lets you take a picture of your own dog and play with him in game. It'll print money again.

Maybe. Hell, I don't know.
KMCC's Avatar
KMCC at 10/03/2008 08:46
I don't know, I stick with my former statement: People who care to own as DS, even "casually" own one, probably already do at this point.
Rational Animal's Avatar
Rational Animal at 10/03/2008 08:49
The release of this new device is really perplexing to me. The DS and DS Lite have sold so well and I have to imagine that there is some level of market saturation starting to set in. That said, a new edition with some tacked-on multimedia functions doesn't seem likely to get folks to trade in there existing handhelds to go pick up the DSi. Why bother, Nintendo? Anyone?
PwnanObrien's Avatar
PwnanObrien at 10/03/2008 08:51
You know what? Good. This combined with the recent attempts to ween the big N off it's casual (i.e. shitty) games should make Nintendo come to the realisation that they need to put the focus back on hardcore gamers who will always be there while trying to turn the casual audience into more avid gamers.
parrothead's Avatar
parrothead at 10/03/2008 08:56
Cash=ability to miss and then turn things around. Nintendo has a lot of that.
Holyetheline's Avatar
Holyetheline at 10/03/2008 08:59
Honeymoon's over Nintendo.
KMCC's Avatar
KMCC at 10/03/2008 09:04
Rational Animal:
"Market Saturation", that's the term I was grasping for.
RAPEGAME's Avatar
RAPEGAME at 10/03/2008 09:05
People are acting as if this is the worst mistake nintendo has made this year.

wii music anyone?
Debeo Laurus's Avatar
Debeo Laurus at 10/03/2008 09:11
I think its funny people are once again trying to predict how Nintendo is going to fair. If I remember correctly people thought the Wii was going to bomb, and now Nintendo's top dog. I'm not much for the DSi. I haven't been much for what Nintendo has done in the last 3 years, but I'm sure they'll be just fine.
The-Excel's Avatar
The-Excel at 10/03/2008 09:16
The new features of the DSi sound tacked on so I'm not surprised.
RitualNet's Avatar
RitualNet at 10/03/2008 09:22
bigger screens are nice, MP3 playback is semi-useful if my phone dies, but the camera bugs me. 0.3mp? People on Eurogamer were on about it being used as a visual motion thing (like eyetoy and such), but why then allow it to save images on the SD card? 1.3mp at least, right? My phone is 3mp! Bleh.
uglymofo's Avatar
uglymofo at 10/03/2008 10:30
@Jesus H Christ:

I hate dogs. I REALLY hate dogs. Yet I can think of nothing more sad than someone playing with a virtual representation of their dog rather than their actual dog.

By the way, though we've never met, I seem to swear at you all the time.
killatia's Avatar
killatia at 10/03/2008 10:47
It drop because of the crappy economy not because of the DSi, way to over react guys.
Shinobi Naruto's Avatar
Shinobi Naruto at 10/03/2008 10:57
Thought it was 3mp not 0.3. Cause that would just be terrible.
SmDFrylock's Avatar
SmDFrylock at 10/03/2008 11:01
how's it going to print money when you remove the slot the money came out of?

Seriously, why should I upgrade. It doesn't have the GBA slot so there goes over half the games the old DS could play (GBA + DS Games that have expansion such as Guitar Hero, Arkanoid and the Rumble pack.) It looks like they completely changed the Firmware so there goes Homebrew, and to top it all off, the Music player only plays AAC.

If it was something more compelling, (such as a gamecube stuffed into an handheld) maybe I would think about it. otherwise it's just more hardware that my DS already does well.
AlucardX24's Avatar
AlucardX24 at 10/03/2008 11:15
8.7 is nothing compared to how many points most of these big game companies rise during the holiday season. I'm sure they'll have their cake, eat it, and have another.
Wexx's Avatar
Wexx at 10/03/2008 11:31
Get that DSi crap outta my face, and give me a new pikmin game.
Sam Spectre's Avatar
Sam Spectre at 10/03/2008 11:47
I want to fucking throw up in Nintendo's face every time I hear about the DSi. What a fucking disappointment.
NihonTiger90's Avatar
NihonTiger90 at 10/03/2008 11:51
Now would be a good time to start buying nintendo stock since it's on the downturn. The conpany is not going to be giving up first place in the handheld or console markets anytime soon.

Also, I think that 8.7 percent drop is a bunch of little pissed off core gamers selling their stock in Nintendo while bitching about how the DSi is crap. At least that's what I get from the Dtoid community.
Stahlbrand's Avatar
Stahlbrand at 10/03/2008 11:55
MF DOOM's Avatar
MF DOOM at 10/03/2008 12:26
The Dsi should have been held off until 2010 with a new system launch.
Sharpless's Avatar
Sharpless at 10/03/2008 13:35
Once released, this will go over much, much better than people are assuming it will. It will be popular and sell like hotcakes. Trust me.
brainderailment's Avatar
brainderailment at 10/03/2008 14:49
I think it costs too much in investors eyes. Other than that, put Nintendo logo on anything light colored and it will fly off the shelves.
Dexter345's Avatar
Dexter345 at 10/03/2008 20:02
What you're hearing on the Internet are the few loudmouths who won't get it. You're not hearing the millions who quietly will.
B-Radicate's Avatar
B-Radicate at 10/03/2008 20:38
I don't know anyone who was impressed or excited about the DSi. Fail.
Burnt Meatloaf's Avatar
Burnt Meatloaf at 10/04/2008 05:43
Oh, them investors scare easy, don't they? They demand tidal waves of profit, like... um, what they've already been getting up to this point.

At least Nintendo didn't call it the iDS.

* Brainderailment: "Other than that, put Nintendo logo on anything light colored and it will fly off the shelves."

Ah, so that's why the Wii isn't available in black, yet.
prev next

Comment with Facebook





Click connect and comment instantly!

Comment with Dtoid





New? SIGN UP - it takes 5 seconds

Comments policy

Destructoid is an open discussion community. You don't need to "audition" to post a comment - just speak your mind. We respect differing opinions on the site, so have at it. Be smart, funny, insightful, clueless, or cute -- but back it up with substance. Keep your cool, keep it fun. We only ask that you act respectfully and above all: don't be a troll and ruin it for everyone else. Don't bring down gamers or we'll, you know, gently shoot you in the face and stuff you into a flaming mailbox. Each comment is your opportuntity to make this community awesomer. Is that even a word?

Avoiding the banhammer only requires common sense: spamming, trolling, racism, NSFW stuff, and other forms of sucking will not be tolerated. If anyone is griefing please report abuse. Be good. Don't suck!

 
New on Destructoid.TV play all videos

Loading
Loading Destructoid Videos



    Win this!
    Reminder: We're giving away six copies of Magnacarta 2!



    Dtoid Twitter    Got news?   tips@destructoid.com

    Reviews & Previews
    Mahjongg Artifacts 2 review
    Dragon Age: Origins review
    Lost Winds: The Winter of the Melodias review
    Osmos review
    Space Invaders Extreme 2 review
    Half-Minute Hero review
    JU-ON: The Grudge review
    Kenka Bancho: Badass Rumble review
    Thexder Neo review
    Domino Rally review
    more reviews
    PS3's 256-player MAG
    Rooms The Main Building
    Skate 3
    Hudson's bringing back the Bonk
    James Cameron's Avatar
    Bomberman Battlefest
    Calling
    Bad Company 2's multiplayer
    Partying like it's 1959 in BioShock 2's multiplayer
    BioShock 2 through the eyes of Big Daddy
    more previews


    - The Dtoid Army is 49568 strong -

    Showing Cblogs with 3+ faps   show all

    Call for entries: do the wrong thing
    New to Dtoid? Read the survival guide




     Originals
    Jim Sterling: How to respond to a videogame review





















    More Destructoid Originals



     Popular now more
























    Destructoid's editorial lovefest is:
    Nick Chester
    Editor-in-Chief    		 Jim Sterling
    Reviews Editor
    Dale North
    News Editor    		 Hamza Aziz
    Community Manager
    Anthony Burch
    Features Editor    		 Rey Gutierrez
    Video editor & director
    Niero
    Founder, publisher
    Letters to the editors
    tips@destructoid.com
    Associate Editors
    Ashley Davis Jonathan Holmes
    Brad Nicholson Jonathan Ross
    Brad Rice Jordan Devore
    Chad Concelmo Matthew Razak
    Colette Bennett Tom Fronczak
    Conrad Zimmerman Topher Cantler
    Dyson Samit Sarkar
    Contributors
    Adam Dork
    Ben Perlee
    Daniel Lingen
    Joseph Leray    		 Joe Burling
    Mikey
    Will Maddock
    Stella Wong





     

     
      get involved

    register or login
    post a blog
    post a forum
    enter a contest
    contribute a news tip
    suggest a feature
    be a guest editor
    		 support

    new member's guide
    login assistance
    tech support
    report abuse
    email our editors
    read our dev blog
    nuclear crisis?
    		 keep in touch

    RSS feed
    Twitter
    Facebook
    Myspace
    Flickr
    Game nights
    Meetup+play online     		seriously

    about Destructoid
    advertising
    terms of use
    privacy policy
    jobs at MM
    buy our crap     		our network

    Tomopop
    Japanator
    Despingation?



    Destructoid is an independently-run publication forged by our love of video games and the gaming community's need of accountable enthusiast press
    living the dream since March 16, 2006