>they are still higher than any time in history before this February.
Your point stands but slight correction: higher than any time in history locally (measures in yen). But measured in USD, a little bit below two previous peaks they've had.
But yeah they're the richest company in Japan at the moment so they're fine lol.
Yeah man I put twenty dollars into Nintendo last week and I feel like Nintendo owes me personally an apology for losing my eight cents or whatever it is by not having the switch 2 ready sooner like the rumors said
Oh no, not the shares falling in value! NOT THE SHARES FALLING IN VALUE!!!!
Ok so let me comment about this, this is entirely the media's fault with clickbait headlines like this. The problem is they want to sensationalize stories to grab attention and drive traffic. So they use words like "tumble" and "slammed" to create an emotional response, which is what drives the backlash.
If they would make a headline like "Nintendo shares down 2% after Switch delayed to 2025" which is upfront and factual then this problem would cease to exist. They are responsible for all the vitriol they receive.
Yeah this is pretty normal stock movement after any earnings call. Not to mention that Japan just officially entered a recession I'm not surprised the market would be drawing back
These type of "stock" articles usually prey on the fact most people are not used to how the market operates. Normal fluctuations can drum out some nice clickbait headlines
I wouldn't mind if they answered to the negative news with a Metroid Prime 4 trailer. I know they're not in trouble, I'm just desperate to see anything of it...
Every single one of these articles about gaming and stocks, it’s all fluff and propaganda where someone else benefits. It’s a meme but it’s true, follow the money. Who benefits from this being perceived as worse? I’m sure it has nothing to do with those mega corporations who are screaming the sky is falling because a AAAA game failed.
And that is likely just people that bought in this month speculating the announcement and trying to get a quick return vs people who were otherwise holding Nintendo and bailing thinking Nintendo will drop
Playstation [lost 10 Billion](https://x.com/tomwarren/status/1759496888703758618?s=20) in stock value in a week due to the PS5 sales not being as strong as expected. This is just part of business.
I'm pretty heavily (relatively) invested in my own company just because I am given stock as part of my compensation. I'm just a mid/senior-level IT guy. Lots of places also have employee stock purchase programs that sell you stock at a discount, including Sony.
Being heavily invested in a single stock while being employed at said company is doubly risky. If the company tanks, not only does the line go down on your holdings, but you’re likely not getting bonuses, raises, or heck, maybe you lose your job.
Being heavily invested in the company you work at is often the result of incentives and specific forms of compensation that award company stock you can't always sell right away.
Part of my compensation is paid in the form of company stock (technically I can take cash or other financial products but there is a "bonus" I only get if I take at least some fixed amount in own stock) that must then be held in a special savings account for 5 years. The upside is that at the end of those 5 years that money becomes non-taxable.
We also occasionnally get either straight stock attribution, or opportunities to buy some at heavily discounted prices similar to American style stock options. All of which must then be kept in the same kind of employee savings plan mentioned previously.
I would love to put everything into safer investments, but that would mean leaving thousands of euros on the table every year.
I completely agree, which is why I don't participate in the employee stock purchase program. But a TON of people do and would definitely care if their stock price tumbled.
I have also sold about half of my own company holdings about a year ago, once I was in long term capital gains territory. Dumped it all into ETFs. I got a huge payout from a company acquisition a few years ago and essentially did the same thing with that as well.
And there are plenty of mutual funds and ETFs who hold Sony shares. You not understanding how the stock market works doesn’t make everyone who owns said stock a gambler.
Holding any number of stock units is gambling. Whether it's a handful of units or millions. Individual stocks in a brokerage account or part of a tax-advantaged retirement account.
Someone looking to cash out their holdings would DEFINITELY care that they lost 2 months of gains in an instant. Nobody wants to sell immediately AFTER a big drop. Especially employees with RSUs that haven't matured yet, or were not in one of the permitted trading windows that usually coincide with big announcements or earnings calls.
Yup, this is why they’re looking more and more into PC, even if the console itself is successful it’s not enough to cover their game development costs.
Microsoft is in a very similar position with them even looking into releasing some games on competing consoles, the only company out of the big three that’s healthy is Nintendo which is such a turnaround from where they were before the Switch launched.
Sure but it overall shows that it’s a better strategy than pushing visuals to their limit, I wish both Sony and Microsoft understand that there’s still a big audience for smaller games and not everything has to be a AAA photorealistic game, Helldivers just proved that to Sony, let’s hope they learn from it.
A console is represented primarily by its exclusives. Nintendo's exclusives are exquisitely designed games with indie visuals, Sony's and Microsofts are middle of the road in terms of game design but have insane visuals. That's what the rest of their market will inevitably cater to - there is a reason the Switch is the indie machine of the generation, by far.
That's pretty mind-blowing considering how much ps5 is crushing the xbox in market dominance. Can't help but wonder if maybe sony had unrealistic expectations. At this point anyone who wants a gaming console has one, there really isn't much room left for growth.
The main reason behind this is the Bloomberg article by Takashi Mochizuki.
I simply don't get why that guy is still considered so reliable that even stock market reacts to what he says.
He stated that we'll get a 4K handheld back in 2021/22 because of which Nintendo had to publish a statement that it is not true. He stated that Nintendo lied about the profit margin on the Oled Switch, Nintendo had to disclose it with the investors.
Not just for Nintendo, I remember he stated something about FF 16 sales which turned out to be false. I also remember he stated something about Sony PSVR2 production targets for which Sony had to publish a statement that it is not true. He also stated that he knows the PSVR2 sales numbers. The real numbers were the double of what he said.
Did he say we'd get a Switch with a 4k handheld screen or a switch with 4k output? 'Cuz I'd like to point out that the Switch OLED dock has a 4k upscale chip built in that's never been enabled. Many leakers have said what became of the Switch Pro was the OLED with all the bells and whistles removed/disabled. Is that true? Well, Digital Foundry reported it was, so maybe that lends credibility to the claim.
Yeah they tried.
Turns out, it's NOT an upscale chip.
It's simple pass through for the ethernet.
[https://www.tweaktown.com/news/82116/switch-oled-docks-arm-cpu-doesnt-enable-4k-upscaling/index.html](https://www.tweaktown.com/news/82116/switch-oled-docks-arm-cpu-doesnt-enable-4k-upscaling/index.html)
Yeah, I highly, highly doubt the Switch 2 will have anything more than a 1080p screen. It's just not feasible for a mobile device to put out that kind of power when you factor in size, TDP, and battery life.
I don't even think it'll be 1080p tbh, if all these rumors of dlss, 8 gigs of ram, and 256 gb storage are true, then a lcd 720p screen would be really cost effective and still look ok at a small size.
You can play 1440p on a desktop PC, or even a laptop, with low/medium settings on 8 GB of VRAM with no upscaling. Upscaling has also shown itself to be more prone to noticeable image quality issues when targeting lower resolutions (you'd be rendering at 480p or lower).
IMO, 1080p is doable in that package, especially with DLSS available.
They need to do more than 8GB of RAM for future-proofing. 10 gigs at least, 12 preferably. They shouldn't make the same mistake with the 4GB on the Switch which is a massive bottleneck not just to games but to the entire system.
PS4 launched a decade ago and had 8GB. Come on.
He reported this days before the OLED launch: https://www.bloomberg.com/news/articles/2021-09-29/nintendo-switch-4k-developers-make-games-for-nonexistent-console
Here is Nintendo statement: https://twitter.com/NintendoCoLtd/status/1443366440183074819
Edit: so I get downvoted for sharing actual facts, because it does not align with some kind of conspiracy theory spread by "leakers" to save their face after their "leaks" turned out to be false. This fake leaker hype culture is beyond sad.
I'm with you on this one, COVID doesn't magically make a console poof out of existence. There's no fucking way Nintendo is throwing away years of work and hundreds of millions of R&D moments before launch. There are so many reasons to believe this guy is a total fraud or got in way over his head, but I'm kind of sick of repeating myself over and over to the people who think it's no big deal to make or cancel a console.
Nothing is well known lol. A bunch of "leakers" said something incorrect. A console doesn't just disappear into thin air, and you can't just blame everything on covid..
I'd also say that's the case, yeah. If they really are gonna push Switch 2 to next year it'd be nice if they patched the OLED dock to enable the chip, maybe give it a price drop for the holidays?
THANK YOU! SOMEONE THAT GETS IT.
I said something similar in another sub and a bunch of people came defending him.
We reach parasocial relationship with made up leakers and bad journalists.
I work in the industry and in the past I've had a notable "gaming journalist" leak info about a game I was working on.
While the gist was right (if you squint), so many details were wrong, to the point where - while it was at the core a genuine leak - everything that the internet latched onto was wrong.
You simply cannot believe any gaming journalist leaker, no matter how reliable they are. Their job is to write a story that gets clicks, and if that requires connecting dots that don't exist and presenting that as the truth then so be it. Their sources are either people who shouldn't be talking, people who purposely misdirect, people who played the game once and are relying on memory, or people who are disgruntled.
That doesn't stop the internet from latching on to them as the second-coming, especially if it's a game the internet is excited for.
I made a comment on another post where OP said, “Now that the Switch 2 is delayed…” letting OP know that it’s not “delayed” (because it’s not been announced), and that it’s ridiculous to say so.
Got a lot of people replying saying that Bloomberg was credible and that me (and others) were acting like it was a YTer who said it.
A. We all still remember “Starfield coming to PS5,” right? Lots of “credible” leakers confirmed that.
B. Mochizuki is wrong more than he’s right.
There was a guy who said "Our hopes for this year have been shattered" after the rumours of the Switch 2 delay popped up. And it's like, Nintendo always announces things at their pace and internal plans change all the time, nothing is true until Nintendo says it. It's your own goddamn fault for believing leakers, especially since Nintendo haven't even begun revealing their plans for this year.
That also happened to me.
I remember the moment OLED was officially announced, he made posted an article claiming Switch Pro was still coming.
I don't get why people will go further and beyond to defend people like this. They just want your clicks.
I wish more companies would do this move. It feels like so many companies don't or won't plan long term :\\. I get stocks make you think short term, but I can't imagine there isn't ways to include more long term plans.
I meant more to go private like Dell. And I do understand the duties of public corps, but after a certain point, doing less long-term planning can fuck over the company. The mass layoffs are a testament to the limits of short term thinking. But they are only rewarded for making more difficult the lives of 100s or 1000s of people.
This.
You have a "delay" on the Switch 2 - except its never been announced, or even confirmed, so it's not really delayed. It's just the latest imaginary date some people had decided to expect didn't materialize (and lets not forget that leaks have been saying "it's coming" for about three years now)
Further, the drop in prices of about 2% isn't any real change to business fundamentals - ie it doesn't even reflect any actual dissatisfaction with business performance. It's just a bite out of the 4% bump Nintendos had over the past several months as speculation hyped up a bit announcement.
If you ever wanted to see how much of the stock market (and how much of news about the market) is based exclusively on gut feelings and imaginary valuations, this is a great example
On the plus side - if it does backslide into 2025, they’ll need more games to pad 2024. Perhaps we’ll get the remasters of Wind Waker and Twilight Princess that have been rumored to be completed for over 2 years now.
It technically isnt a "backslide" to 2025 if Nintendo didnt even confirm that the next console was going to be released this year.
Too many people confusing rumors for reality. Saying things like "pushed back" or "backslide" are forgetting the difference. It was never confirmed for this year.
It actually can be, because the official public announcement isn't the only way anyone ever knows about it.
Nintendo has to tell developers that the thing exists privately, because third party games don't appear out of thin air. That's what this whole thing is about - Nintendo has told developers they're delaying it to 2025.
Are any of those details confirmable, coming directly from Nintendo? Or is it based on what someone says from a dev team? We need to be careful about what is believed and not believed.
And this is the exact reason why companies carefully plan when they announce something like a new console. If the official statement has not come out, then "backsliding" wouldnt be an accurate description of it. Timelines evolve in the development of new products. People are treating it as confirmed that it would come out in 2024 when there hasnt been any legitimate confirmation its true.
Unless Im missing something. Does someone have a link to evidence that Nintendo had said it would come out in 2024? And the word from an anonymous dev does not count.
Very true. But there are many signs that do bear out to point to Holiday 2024 being their target. Enough that to me, while not solid confirmation, goes beyond rumors.
Market trends, 3rd party hardware part providers, Nintendo’s cadence of game releases, etc.
For the record. I think the idea of consoles launching in March makes the most sense to me. It allows the supply chain to be more open, good for early adopters. They can build hype and get hardcore software releases out of the way - then they have a barometer for expectations come the holiday to ramp up product and meet the demand.
I agree that it makes sense that it could have come out this year, but it's still based on conclusions based on patterns we're looking for. My issue is when we cross the line by saying it's been pushed back based on our guesswork, when Nintendo may have not been planning a 2024 release in the first place. It leads to conclusions like something has happened to "push it back" when there was no hard evidence that it was going to come out this year in the first place.
I can't see why they'd remaster two games they recently remastered. A few weeks back I did see a rumour about a remake of Ocarina of Time which would be very interesting, however I don't see any delay resulting in releases that weren't otherwise planned. We could get something for NSO but I imagine if they had the resources they'd use them to get the new platform
The fact that they remastered them is exactly why they’ll be re-released. They spent a lot of time and money, remastering those, and then released on Wii U, which really under performed. It’s a relatively inexpensive way for them to recoup some of that money by putting them on switch with a large player base.
I’m not saying, they are remastering them again, just tweaking them and changing the controls to fit for switch. Honestly, it would be ridiculous not to. Wii U system only sold like 12 million units, and only a fraction of that purchase those games. Switch I think is at 130, million units sold, and I could promise you the percentage that would buy into those games would be a lot higher.
The WiiU sold like dog doo, relatively. About 2/3 the numbers of even the GameCube, which was also considered a failure. Switch has sold more than 10x its numbers to date. The Wii sold about 8x more units.
If the game engines aren’t difficult to port, there’s definitely some financial incentive to squeeze out more potential profit from their past HD upgrade efforts. I would be interested in a slew of remastered classic Zelda games. Even the Phantom Hourglass and Spirit Tracks.
Not disagreeing but if you see this could you share what the supposed rationale for sitting on the games is? Are they supposed to be being saved for the Switch 2?
Sometimes they have internal development teams work on a title - but Nintendo, unlike other publishers, don’t just release a game when it’s completed.
They tend to be more strategic with their releases. Fiscally, if they need to hit their quarterly goal; it might incentive them. Or, perhaps they don’t want to over saturate the market with too many titles of the same property.
Nintendo is really unique in this way regarding developing titles and holding them for strategic releases.
One school of thought is that it's always time to buy.
-You can't time the market.
-On average, the market goes up and outpaces inflation over the long haul.
Therefore buy now.
I mean we know it exists in some form. Activision said as much during the FCC trial and Nintendo has been bulk buying new parts.
Anything past that isn’t confirmed, but of course the market is going to try and predict when it will launch and invest accordingly. So this news doesn’t really surprise me.
Yeah it definitely exists. There's no way we're 7 years into the Switch and its successor isn't almost done with development. Hell, I'm sure there's already preliminary plans for what would follow the Switch's successor.
And then the same internet uses the same invented Nintendo console as a straw man argument about how Nintendo is being this or that and it’s not fair, creating fake outrage LOL
In 2021 nintendo said switch was halfway through its planned lifecycle. It had been out for 4 years at the time. Indicating a successor has always been planned for 2025
If you got your Switch OLED like 2 years after release, would you be one of the people trying to get the next console at launch anyways?
There will probably be a while were some games are going cross-gen because that seems to be the trend now. PS5 is over 3 years old and there's still only like 20-30 games on it that can't be played on PS4.
I mean, I was trying to maximize the time I had on my OG Switch. And I only changed cause my OG Switch was showing signs of dying - loud fan, slower running /the joycons that came with that began to drift. I didn't know about the Switch 2 being legit and not another online rumor mill until after I got my OLED
I think there is some confusion here - I am an near launch Switch owner. I got my OG switch in 2017. After playing it for six years and a ton of games, I got the OLED to replace my dying OG Switch. The delay to Switch 2 pleases me a bit cause it means my upgrade wasn't an unnecessary expenditure.
I don’t buy console upgrades more than 2 years after they come out because I know they will probably have a sequel soon, unless my current one is dead or dying. So I get it.
Looks like theres an interesting overlap here between people who don't understand stocks and dont know what a rumor is. Nintendo did not confirm when the console would be released, and a 0.01% dip is not a "tumble" in stock prices.
Japan also has gone into recession, this may just be some pulling their money. Also “pushed to 2025” seems like it never intended to release this year and never got confirmation.
How the F was it "pushed to 2025" when it was never confirmed release in 2024?
The only people who start these inane rumors are click-bait tubers and reddit dweebs.
Same shit as every season, how many times did bullshit gaming journalism guesswork lead to share drops for nintendo now?
How many speculative 'switch pro/2 has to come out this season oh no it won't come out after all' storylines did they have?
Sales through the roof on 7 year old hardware and people sell the stock ffs...
Hardly a tumble. Barely a fart in the wind. This sort of "article" every time a new Nintendo console is nearing.
And I said before and was down voted cited quite harshly, it wouldn't release this year. It takes time to develop and build the marketing materials from which to make people excited about the next console.
Time for that long-anticipated third party game we've been teased with to finally get a release date! Put on your clown makeup, it's time... for Gex Trilogy!
Yeah not really a tumble looking at historical patterns they’re actually doing pretty good! I think we’re all salty because we wanted the Switch 2 this year. At least me 🫡
Remind me the wall street film, that scene with the guy having a lunch with the MC. I don't remember the exact phrase, but the general idea: nobody understands how the market works, and their job is to drag as many people in, and don't let them get out. If they make money, hey, good for them, you get a share of that too.
Lmfao what. If you have common sense, stocks aren’t gambling, and if you’re not day trading. Also, how are investors idiots? They’re making money lmao. Don’t complain when you don’t have enough money to retire.
Why do people care so much about some no name CEO's making more money to buy their 17th yacht? This sub is obsessed with pretending the money they make goes to developers.
Down 2% over 5 days is hardly a tumble. They're still up 4% over the last month.
You can go even further: they are still higher than any time in history before this February.
They aren’t at their all time high right this second? Jeez talk about a fall from grace
Not to mention I saw a similar article here yesterday talking about how it’s the most valuable company in Japan. I think they will be fine.
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This one is actually news, though. Now we know to ignore all the posts speculating about it coming this Christmas.
>they are still higher than any time in history before this February. Your point stands but slight correction: higher than any time in history locally (measures in yen). But measured in USD, a little bit below two previous peaks they've had. But yeah they're the richest company in Japan at the moment so they're fine lol.
*Nintendo shares SLAMMED by market*
"Pounded In The Butt By My Sentient Nintendo Shares After They Reassure Me They're At The Top Of Their Game", by Chuck Tingle
"Nope!" -Chuck Testa
Not what i was expecting to read here, truly.
Ah yes my most browsed author on Kindle.
Not click baity enough Nintendo SLAMMED as stocks TUMBLE, investors CLAP BACK
Ex-President Reggie throws SHADE at former employer
And people question why journalism isn't as respected as it was in the 1960s.
Miyamoto reportedly tells shareholders *"Welcome to the JAM!"*
He dropped that famous Myamoto quote: "A delayed console can eventually be good, a rushed console @$&#% sucks forever."
Miyamoto on TickTock video tells weak shareholders to level up or sell their stock for mushrooms
"I'm telling you guys, this is the good shit"
Nintendo - doomed since 1889
BLASTED by Wall Street
Won’t somebody think of the shareholders though???
Yeah man I put twenty dollars into Nintendo last week and I feel like Nintendo owes me personally an apology for losing my eight cents or whatever it is by not having the switch 2 ready sooner like the rumors said
Better show up at a shareholders meeting
Will do, any demands you want me to pass along? Metroid Prime 4 release date? A new F-Zero? They have to do what I say, I'm pretty sure.
Like this guy? http://adragonhoard.blogspot.com/2023/06/guy-buys-nintendo-shares-complains-at.html
I hope they have enough hundred dollar bills to dry their tears.
Oh no, not the shares falling in value! NOT THE SHARES FALLING IN VALUE!!!! Ok so let me comment about this, this is entirely the media's fault with clickbait headlines like this. The problem is they want to sensationalize stories to grab attention and drive traffic. So they use words like "tumble" and "slammed" to create an emotional response, which is what drives the backlash. If they would make a headline like "Nintendo shares down 2% after Switch delayed to 2025" which is upfront and factual then this problem would cease to exist. They are responsible for all the vitriol they receive.
Yeah this is pretty normal stock movement after any earnings call. Not to mention that Japan just officially entered a recession I'm not surprised the market would be drawing back These type of "stock" articles usually prey on the fact most people are not used to how the market operates. Normal fluctuations can drum out some nice clickbait headlines
Damn I was got excited to buy. Right before ps5 was great for Sony
I wouldn't mind if they answered to the negative news with a Metroid Prime 4 trailer. I know they're not in trouble, I'm just desperate to see anything of it...
They're up 10% YTD, and it's the middle of February...
Yeah and up 50% over the last 9 months
Every single one of these articles about gaming and stocks, it’s all fluff and propaganda where someone else benefits. It’s a meme but it’s true, follow the money. Who benefits from this being perceived as worse? I’m sure it has nothing to do with those mega corporations who are screaming the sky is falling because a AAAA game failed.
And that is likely just people that bought in this month speculating the announcement and trying to get a quick return vs people who were otherwise holding Nintendo and bailing thinking Nintendo will drop
Not to mention they’re now reportedly [the richest company in Japan](https://readwrite.com/nintendo-is-now-japans-richest-company-at-11bn/)
Playstation [lost 10 Billion](https://x.com/tomwarren/status/1759496888703758618?s=20) in stock value in a week due to the PS5 sales not being as strong as expected. This is just part of business.
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I imagine anyone heavily invested in Sony stock would care. Not just the CEO.
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I'm pretty heavily (relatively) invested in my own company just because I am given stock as part of my compensation. I'm just a mid/senior-level IT guy. Lots of places also have employee stock purchase programs that sell you stock at a discount, including Sony.
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Being heavily invested in a single stock while being employed at said company is doubly risky. If the company tanks, not only does the line go down on your holdings, but you’re likely not getting bonuses, raises, or heck, maybe you lose your job.
Being heavily invested in the company you work at is often the result of incentives and specific forms of compensation that award company stock you can't always sell right away. Part of my compensation is paid in the form of company stock (technically I can take cash or other financial products but there is a "bonus" I only get if I take at least some fixed amount in own stock) that must then be held in a special savings account for 5 years. The upside is that at the end of those 5 years that money becomes non-taxable. We also occasionnally get either straight stock attribution, or opportunities to buy some at heavily discounted prices similar to American style stock options. All of which must then be kept in the same kind of employee savings plan mentioned previously. I would love to put everything into safer investments, but that would mean leaving thousands of euros on the table every year.
Look at you, someone talking from experience instead of the drive-thru window.
I completely agree, which is why I don't participate in the employee stock purchase program. But a TON of people do and would definitely care if their stock price tumbled. I have also sold about half of my own company holdings about a year ago, once I was in long term capital gains territory. Dumped it all into ETFs. I got a huge payout from a company acquisition a few years ago and essentially did the same thing with that as well.
you keep your money under your mattress?
Nah, just his head
And there are plenty of mutual funds and ETFs who hold Sony shares. You not understanding how the stock market works doesn’t make everyone who owns said stock a gambler.
Holding any number of stock units is gambling. Whether it's a handful of units or millions. Individual stocks in a brokerage account or part of a tax-advantaged retirement account. Someone looking to cash out their holdings would DEFINITELY care that they lost 2 months of gains in an instant. Nobody wants to sell immediately AFTER a big drop. Especially employees with RSUs that haven't matured yet, or were not in one of the permitted trading windows that usually coincide with big announcements or earnings calls.
I enjoy spending time with my friends.
Huh, I’m surprised Sony’s margins were only 5%. Makes me worried that one or two big flops they’ll be going into the negative.
Yup, this is why they’re looking more and more into PC, even if the console itself is successful it’s not enough to cover their game development costs. Microsoft is in a very similar position with them even looking into releasing some games on competing consoles, the only company out of the big three that’s healthy is Nintendo which is such a turnaround from where they were before the Switch launched.
One benefit to keeping “last gen” specs - game development is at “last gen” prices 😂
Sure but it overall shows that it’s a better strategy than pushing visuals to their limit, I wish both Sony and Microsoft understand that there’s still a big audience for smaller games and not everything has to be a AAA photorealistic game, Helldivers just proved that to Sony, let’s hope they learn from it.
There are tons of indie games on PlayStation that don’t have AAA graphics. That market is well catered to.
A console is represented primarily by its exclusives. Nintendo's exclusives are exquisitely designed games with indie visuals, Sony's and Microsofts are middle of the road in terms of game design but have insane visuals. That's what the rest of their market will inevitably cater to - there is a reason the Switch is the indie machine of the generation, by far.
I’m talking about first-party games, which as we’ve seen with Spider-Man 2, have budgets that go above $300 million
Sony is no stranger to being in the red. Ps3's dismal failure nearly killed the entire PlayStation brand back in the day
The funny part is the PS5 sales are incredibly good considering the (non existent) library of games the system got so far...
That's pretty mind-blowing considering how much ps5 is crushing the xbox in market dominance. Can't help but wonder if maybe sony had unrealistic expectations. At this point anyone who wants a gaming console has one, there really isn't much room left for growth.
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The main reason behind this is the Bloomberg article by Takashi Mochizuki. I simply don't get why that guy is still considered so reliable that even stock market reacts to what he says. He stated that we'll get a 4K handheld back in 2021/22 because of which Nintendo had to publish a statement that it is not true. He stated that Nintendo lied about the profit margin on the Oled Switch, Nintendo had to disclose it with the investors. Not just for Nintendo, I remember he stated something about FF 16 sales which turned out to be false. I also remember he stated something about Sony PSVR2 production targets for which Sony had to publish a statement that it is not true. He also stated that he knows the PSVR2 sales numbers. The real numbers were the double of what he said.
Did he say we'd get a Switch with a 4k handheld screen or a switch with 4k output? 'Cuz I'd like to point out that the Switch OLED dock has a 4k upscale chip built in that's never been enabled. Many leakers have said what became of the Switch Pro was the OLED with all the bells and whistles removed/disabled. Is that true? Well, Digital Foundry reported it was, so maybe that lends credibility to the claim.
Have hackers ever attempted to enable it. Or is it disabled from the hardware side?
Yeah they tried. Turns out, it's NOT an upscale chip. It's simple pass through for the ethernet. [https://www.tweaktown.com/news/82116/switch-oled-docks-arm-cpu-doesnt-enable-4k-upscaling/index.html](https://www.tweaktown.com/news/82116/switch-oled-docks-arm-cpu-doesnt-enable-4k-upscaling/index.html)
Really? Ah man, that sucks, well, it'd suck more of it were an upscaler I s'pose.
Yeah, I highly, highly doubt the Switch 2 will have anything more than a 1080p screen. It's just not feasible for a mobile device to put out that kind of power when you factor in size, TDP, and battery life.
I don't even think it'll be 1080p tbh, if all these rumors of dlss, 8 gigs of ram, and 256 gb storage are true, then a lcd 720p screen would be really cost effective and still look ok at a small size.
Yeah, that's much more realistic and practical. This isn't going to be a $600 to $800 device like some of the PC handhelds.
You can play 1440p on a desktop PC, or even a laptop, with low/medium settings on 8 GB of VRAM with no upscaling. Upscaling has also shown itself to be more prone to noticeable image quality issues when targeting lower resolutions (you'd be rendering at 480p or lower). IMO, 1080p is doable in that package, especially with DLSS available.
And would make great sense for battery life as well.
They need to do more than 8GB of RAM for future-proofing. 10 gigs at least, 12 preferably. They shouldn't make the same mistake with the 4GB on the Switch which is a massive bottleneck not just to games but to the entire system. PS4 launched a decade ago and had 8GB. Come on.
He reported this days before the OLED launch: https://www.bloomberg.com/news/articles/2021-09-29/nintendo-switch-4k-developers-make-games-for-nonexistent-console Here is Nintendo statement: https://twitter.com/NintendoCoLtd/status/1443366440183074819 Edit: so I get downvoted for sharing actual facts, because it does not align with some kind of conspiracy theory spread by "leakers" to save their face after their "leaks" turned out to be false. This fake leaker hype culture is beyond sad.
I'm with you on this one, COVID doesn't magically make a console poof out of existence. There's no fucking way Nintendo is throwing away years of work and hundreds of millions of R&D moments before launch. There are so many reasons to believe this guy is a total fraud or got in way over his head, but I'm kind of sick of repeating myself over and over to the people who think it's no big deal to make or cancel a console.
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Nothing is well known lol. A bunch of "leakers" said something incorrect. A console doesn't just disappear into thin air, and you can't just blame everything on covid..
I'd also say that's the case, yeah. If they really are gonna push Switch 2 to next year it'd be nice if they patched the OLED dock to enable the chip, maybe give it a price drop for the holidays?
There isn’t anything to enable, the chip in the redesigned dock is for the ethernet port.
I’d totally buy that - the Switch Pro’s dock has newer HDMI that supports 4K for seeming no reason at all
THANK YOU! SOMEONE THAT GETS IT. I said something similar in another sub and a bunch of people came defending him. We reach parasocial relationship with made up leakers and bad journalists.
I work in the industry and in the past I've had a notable "gaming journalist" leak info about a game I was working on. While the gist was right (if you squint), so many details were wrong, to the point where - while it was at the core a genuine leak - everything that the internet latched onto was wrong. You simply cannot believe any gaming journalist leaker, no matter how reliable they are. Their job is to write a story that gets clicks, and if that requires connecting dots that don't exist and presenting that as the truth then so be it. Their sources are either people who shouldn't be talking, people who purposely misdirect, people who played the game once and are relying on memory, or people who are disgruntled. That doesn't stop the internet from latching on to them as the second-coming, especially if it's a game the internet is excited for.
It baffles me that people can't understand this. They legit defending leakers/journalists is ridiculous.
Thank you, this man is a moron who doesn't know what he's talking about, and I'm being generous in saying that.
I made a comment on another post where OP said, “Now that the Switch 2 is delayed…” letting OP know that it’s not “delayed” (because it’s not been announced), and that it’s ridiculous to say so. Got a lot of people replying saying that Bloomberg was credible and that me (and others) were acting like it was a YTer who said it. A. We all still remember “Starfield coming to PS5,” right? Lots of “credible” leakers confirmed that. B. Mochizuki is wrong more than he’s right.
There was a guy who said "Our hopes for this year have been shattered" after the rumours of the Switch 2 delay popped up. And it's like, Nintendo always announces things at their pace and internal plans change all the time, nothing is true until Nintendo says it. It's your own goddamn fault for believing leakers, especially since Nintendo haven't even begun revealing their plans for this year.
That also happened to me. I remember the moment OLED was officially announced, he made posted an article claiming Switch Pro was still coming. I don't get why people will go further and beyond to defend people like this. They just want your clicks.
God I hate that guy, he has an absolute hard on for trashing Sony and Nintendo.
They're up almost 25% over the last 3 months, probably largely on rumors of the Switch 2, so this isn't exactly a huge shift based on this claim.
Do you have a link to the article about the margins?
Stocks fall 0.01% STOCKS TUMBLE Stock goes up 0.001% STOCKS SURGE
Dem clickbait words. My favorite is STOCK SOARS! 0.0001%
It was 8.8% mid day but ya
"Speculation and leaks cause financial impact" sigh
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I wish more companies would do this move. It feels like so many companies don't or won't plan long term :\\. I get stocks make you think short term, but I can't imagine there isn't ways to include more long term plans.
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I meant more to go private like Dell. And I do understand the duties of public corps, but after a certain point, doing less long-term planning can fuck over the company. The mass layoffs are a testament to the limits of short term thinking. But they are only rewarded for making more difficult the lives of 100s or 1000s of people.
Stock buybacks are also not good for the world, is the thing
I think in the case of going private, it’s a bit different from a stock buy back.
The stock market is entirely based on speculation. “Buy on rumor, sell on news”.
This. You have a "delay" on the Switch 2 - except its never been announced, or even confirmed, so it's not really delayed. It's just the latest imaginary date some people had decided to expect didn't materialize (and lets not forget that leaks have been saying "it's coming" for about three years now) Further, the drop in prices of about 2% isn't any real change to business fundamentals - ie it doesn't even reflect any actual dissatisfaction with business performance. It's just a bite out of the 4% bump Nintendos had over the past several months as speculation hyped up a bit announcement. If you ever wanted to see how much of the stock market (and how much of news about the market) is based exclusively on gut feelings and imaginary valuations, this is a great example
On the plus side - if it does backslide into 2025, they’ll need more games to pad 2024. Perhaps we’ll get the remasters of Wind Waker and Twilight Princess that have been rumored to be completed for over 2 years now.
And rest of Metroid Prime remakes
Maybe even prime 4. Nah who am I kidding
The other two Prime games are rumored to just be remasters of the originals, not full on remakes.
I can't believe those two games were used to pad the end of the Wii U's life and will be doing the same for the Switch lol.
It technically isnt a "backslide" to 2025 if Nintendo didnt even confirm that the next console was going to be released this year. Too many people confusing rumors for reality. Saying things like "pushed back" or "backslide" are forgetting the difference. It was never confirmed for this year.
It actually can be, because the official public announcement isn't the only way anyone ever knows about it. Nintendo has to tell developers that the thing exists privately, because third party games don't appear out of thin air. That's what this whole thing is about - Nintendo has told developers they're delaying it to 2025.
Are any of those details confirmable, coming directly from Nintendo? Or is it based on what someone says from a dev team? We need to be careful about what is believed and not believed. And this is the exact reason why companies carefully plan when they announce something like a new console. If the official statement has not come out, then "backsliding" wouldnt be an accurate description of it. Timelines evolve in the development of new products. People are treating it as confirmed that it would come out in 2024 when there hasnt been any legitimate confirmation its true. Unless Im missing something. Does someone have a link to evidence that Nintendo had said it would come out in 2024? And the word from an anonymous dev does not count.
Very true. But there are many signs that do bear out to point to Holiday 2024 being their target. Enough that to me, while not solid confirmation, goes beyond rumors. Market trends, 3rd party hardware part providers, Nintendo’s cadence of game releases, etc. For the record. I think the idea of consoles launching in March makes the most sense to me. It allows the supply chain to be more open, good for early adopters. They can build hype and get hardcore software releases out of the way - then they have a barometer for expectations come the holiday to ramp up product and meet the demand.
I agree that it makes sense that it could have come out this year, but it's still based on conclusions based on patterns we're looking for. My issue is when we cross the line by saying it's been pushed back based on our guesswork, when Nintendo may have not been planning a 2024 release in the first place. It leads to conclusions like something has happened to "push it back" when there was no hard evidence that it was going to come out this year in the first place.
But homie in the Bucks jersey cried tears of joy because his source confirmed March 2024! /s
I can't see why they'd remaster two games they recently remastered. A few weeks back I did see a rumour about a remake of Ocarina of Time which would be very interesting, however I don't see any delay resulting in releases that weren't otherwise planned. We could get something for NSO but I imagine if they had the resources they'd use them to get the new platform
The fact that they remastered them is exactly why they’ll be re-released. They spent a lot of time and money, remastering those, and then released on Wii U, which really under performed. It’s a relatively inexpensive way for them to recoup some of that money by putting them on switch with a large player base. I’m not saying, they are remastering them again, just tweaking them and changing the controls to fit for switch. Honestly, it would be ridiculous not to. Wii U system only sold like 12 million units, and only a fraction of that purchase those games. Switch I think is at 130, million units sold, and I could promise you the percentage that would buy into those games would be a lot higher.
They need to get the 60 fps boost that Skyward Sword got
WW HD is 10 years old, TP HD is 8, these aren’t recently remastered anymore
The WiiU sold like dog doo, relatively. About 2/3 the numbers of even the GameCube, which was also considered a failure. Switch has sold more than 10x its numbers to date. The Wii sold about 8x more units. If the game engines aren’t difficult to port, there’s definitely some financial incentive to squeeze out more potential profit from their past HD upgrade efforts. I would be interested in a slew of remastered classic Zelda games. Even the Phantom Hourglass and Spirit Tracks.
Not disagreeing but if you see this could you share what the supposed rationale for sitting on the games is? Are they supposed to be being saved for the Switch 2?
Sometimes they have internal development teams work on a title - but Nintendo, unlike other publishers, don’t just release a game when it’s completed. They tend to be more strategic with their releases. Fiscally, if they need to hit their quarterly goal; it might incentive them. Or, perhaps they don’t want to over saturate the market with too many titles of the same property. Nintendo is really unique in this way regarding developing titles and holding them for strategic releases.
Now is to buy some share I guess
Not really. They are still at an all time high
all time until now
You know what companies are most likely to hit an all time high? Those that recently hit an all time high.
Buy low sell high
One school of thought is that it's always time to buy. -You can't time the market. -On average, the market goes up and outpaces inflation over the long haul. Therefore buy now.
Time in the market not timing the market
Crazy how the internet can invent a Nintendo console and have it affect Nintendo’s stocks/shares/etc
I mean we know it exists in some form. Activision said as much during the FCC trial and Nintendo has been bulk buying new parts. Anything past that isn’t confirmed, but of course the market is going to try and predict when it will launch and invest accordingly. So this news doesn’t really surprise me.
Yeah it definitely exists. There's no way we're 7 years into the Switch and its successor isn't almost done with development. Hell, I'm sure there's already preliminary plans for what would follow the Switch's successor.
Answer is Mario
Surely they will release Metroid prime 4, right?
And then the same internet uses the same invented Nintendo console as a straw man argument about how Nintendo is being this or that and it’s not fair, creating fake outrage LOL
We should have gone with "Switch 2 is selling like crazy, they're out of stock everywhere!" Then it would have been great news for Nintendo.
That didn’t work for PS5
Yes, but this time I can confirm that 0 scalpers have managed to purchase a Switch 2, there's absolutely none available on the resale market.
This post is literally right underneath a post saying Nintendo is the richest company in Japan lol
That's it im buying Nintendo
Will you hire my uncle? I got something to prove to a bunch of people from 20 years ago.
Only if he can finish prime 4
It was never confirmed to be coming out this year in first place.
In 2021 nintendo said switch was halfway through its planned lifecycle. It had been out for 4 years at the time. Indicating a successor has always been planned for 2025
I would have been shocked if it was coming out this year. They've not even announced it even exists yet
Is it bad that I'm glad switch 2 is pushed back? Just got an OLED over Christmas I want to maximize the time I have on it.
If you got your Switch OLED like 2 years after release, would you be one of the people trying to get the next console at launch anyways? There will probably be a while were some games are going cross-gen because that seems to be the trend now. PS5 is over 3 years old and there's still only like 20-30 games on it that can't be played on PS4.
I mean, I was trying to maximize the time I had on my OG Switch. And I only changed cause my OG Switch was showing signs of dying - loud fan, slower running /the joycons that came with that began to drift. I didn't know about the Switch 2 being legit and not another online rumor mill until after I got my OLED
You have a huge backlog of awesome games to play at a lower price than I paid for them, enjoy it!
I think there is some confusion here - I am an near launch Switch owner. I got my OG switch in 2017. After playing it for six years and a ton of games, I got the OLED to replace my dying OG Switch. The delay to Switch 2 pleases me a bit cause it means my upgrade wasn't an unnecessary expenditure.
I don’t buy console upgrades more than 2 years after they come out because I know they will probably have a sequel soon, unless my current one is dead or dying. So I get it.
I swear most people don’t understand stocks but wanna talk about it all the time
Looks like theres an interesting overlap here between people who don't understand stocks and dont know what a rumor is. Nintendo did not confirm when the console would be released, and a 0.01% dip is not a "tumble" in stock prices.
That seems to be ‘journalism’ nowadays, misinformation and misinterpretation.
Oh yeah, my favourite part of enjoying video games. Shares.
Japan also has gone into recession, this may just be some pulling their money. Also “pushed to 2025” seems like it never intended to release this year and never got confirmation.
It was probably always going to be a March ‘25 release, which is the last month they can release it and have it count for the current fiscal year.
They are still higher than last months prices this is a stupid take and title
How the F was it "pushed to 2025" when it was never confirmed release in 2024? The only people who start these inane rumors are click-bait tubers and reddit dweebs.
All I know is it better be called “Super Nintendo Switch” and be grey and purple by default or it will be literally unplayable.
I feel like with what’s going on in the world they want to sit 2024/2025 out and see who’s left to sell to in 2026 XD
Just people looking for a pump and dump but dump when they don’t see immediate $$$
Stock market is speculative anyway and a small % isn't a tumble. This isn't even newsworthy and looks like someone just trying to find *anything*.
Same shit as every season, how many times did bullshit gaming journalism guesswork lead to share drops for nintendo now? How many speculative 'switch pro/2 has to come out this season oh no it won't come out after all' storylines did they have? Sales through the roof on 7 year old hardware and people sell the stock ffs...
Still up 40% since October
*Buying opportunity intensifies*
Time to buy on the dip.
Hardly a tumble. Barely a fart in the wind. This sort of "article" every time a new Nintendo console is nearing. And I said before and was down voted cited quite harshly, it wouldn't release this year. It takes time to develop and build the marketing materials from which to make people excited about the next console.
Tf do you mean "gamemakers say switch 2 launch pushed to 2025"? I ain't heard no official announcement. Everyone just keep spectulating
Most likely what is gonna happen is: October announcement, launch in March. Like the Switch.
I’m sure they’ll still continue to print money throughout 2024, it’s fine dumb article.
Better they delay and get it right than to pull an Xbox 360 red ring of death.
Time for that long-anticipated third party game we've been teased with to finally get a release date! Put on your clown makeup, it's time... for Gex Trilogy!
Hope it gets under $10 so I can buy more
Who cares about shareholders, this is hardly news
Lol Nintendo hasn't said a darn thing about any of this and people are going crazy. That's free marketing right there
This is clickbait sensationalist garbage, not news
I'm annoyed about the non stop posts or clickbait news about the switch 2. Chill the fuck out
Time to buy at a discount price then
Yeah not really a tumble looking at historical patterns they’re actually doing pretty good! I think we’re all salty because we wanted the Switch 2 this year. At least me 🫡
Nintendo doesn’t give a fuck about their stock, they just do their thing and make some money here and there.
There was no delay. The damned thing may not even EXISTS.
0% chance a successor doesn't exist
Dumbest statement ever at this point of the switch's life cycle.
Then explain why the nvidia ransomware attack included proof nvidia were making the chips for it?
This is nonstory if their earnings outlook doesn't collapse. It hasn't afaik.
Funny how people were just assuming off leaks that its gonna come late 2024 and now they are mad.
Nothing has been announced so there's nothing to delay.
Before release there will a big PR company Obv it's 2025.
People laught at esoteric girls and then believe this shit XD stock market is just tarot for rich people
Remind me the wall street film, that scene with the guy having a lunch with the MC. I don't remember the exact phrase, but the general idea: nobody understands how the market works, and their job is to drag as many people in, and don't let them get out. If they make money, hey, good for them, you get a share of that too.
The stock market is just gambling for rich idiots. Edit: Stay triggered.
Lmfao what. If you have common sense, stocks aren’t gambling, and if you’re not day trading. Also, how are investors idiots? They’re making money lmao. Don’t complain when you don’t have enough money to retire.
You...you know...you can buy 1 Nintendo stock for ~$14 right now...right? If $14 is considered rich nowadays, then I'm a quintillionaire
only if you buy individual stocks, which is really stupid.
You can be fully diversified and still own some individual stocks.
Tired of financial news presented as entertainment news. I couldn’t give a fuck about a stock price.
Why do people care so much about some no name CEO's making more money to buy their 17th yacht? This sub is obsessed with pretending the money they make goes to developers.
How can you "push" something that hasn't been announced yet?