GAMING NEWSNintendo Reports Record Low RevenuePosted on Wednesday, October 26 @ 10:22:51 Eastern by Daniel Bischoff
That's the word from Reuters who's reporting that Nintendo Company is expected to report a loss of 100 BILLION Yen ($1.32 Billion) in the first half of this year. That expectation caused stock shares to drop 7.5%. This is what I don't understand about captalism. A company does exceedingly well, posting billions upon billions of dollars in profit, storing that away in the bank for years of Reasearch and Development, but when those sales slow down, or even stop (because everyone fucking owns what the company is selling), they're punished for it. Yes, yes, the world turns, but fuck that noise. It'd be a good bet that if you hold on to your stock it'll return to its former glory in short time. They are releasing new hardware soon, you know. [Source] More from the Game Revolution Network Comments
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TheMindlessType
Joined: Sep 2009
MrrClean
Joined: Aug 2010
That being said, I`m not in the least bit suprised to hear that Nintendo is not doing that well, what with their huge array of stupid ideas in the last few years...
sandineyes
Joined: May 2008
What I don't understand at all is the stocks relation to the actual business. Lower stock prices only really deflate the wealth of shareholders, so unless the company itself holds an amount of shares and plans on selling them, I don't see a problem (except for the massive losses). Additionally, I really just don't understand stocks. I can see how an IPO can be used to raise money for a company, but after that it seems stocks mostly exist for the sake of themselves. Many companies do not pay dividends, so beyond shareholder rights and the hope that stock prices will increase, I don't really see the point in buying them at all.
warmaster670
Joined: Jun 2007
As for the article, maybe people finally got tired of playing games that are simply the same thing with a different controller, instead of something like cooking mama on the ds where it really took advantage of the touchscreen, sorry but the massive drop in hardware isnt worth flicking a thing up instead of a regualr thumbstick, especially now where if you really want to do those things, you could get add ons for the real systems.
TurinAlexander
Joined: Sep 2006
wildmario
Joined: Jan 2007
TurinAlexander
Joined: Sep 2006
OdiousLupous
Joined: Jul 2011