Honestly, this seems like a good time to invest for anyone who can. Their stock is likely to jump again before too long.
Nintendo sets a stupidly, preposterously high sales goal, ALMOST MAKES IT DESPITE HOW HIGH IT IS, then adjusts down to make up for the last few million they won't hit and their stocks take a significant hit. Yup. Sounds like investors.https://twitter.com/nintendolife/status/1091506497341788160 …
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I guess Nintendo is doomed again. Start photoshopping Metroid Prime 4 copies for ps5 and xbox 2 with red circles and arrows saying "THIS IS THE FUTURE OF NINTENDO!!!"
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Nintendo put themselves in this situation, Nintendo are the ones who made promises they couldn't keep. Investors are dumb a lot of the time but not this time. If a company tells investors it will do a thing and then fails to do the thing then people lose trust, it's that simple
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They didn't make a promise, they set a goal. There's a big difference there. It's most likely that they didn't expect to hit that goal and that they told their investors that too. They aimed high and look how far they got.
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Sounds like 21st century economics
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those stocks are lookin' nice and tasty rn
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That is how a stock works. The stock is based on the value of the company. If the investors (owners) of Nintendo thought they would sell millions more units that would mean a higher profit and therefore a higher company value, especially when millions more software is not sold.
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It's worth mentioning that while hardware sales are lower than the goal they set, software sales are far beyond their expectations, so it seems the Switch has a stupid high attach rate.
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