Nintendo stock ratings reduced due to slowing growth |
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It seems like investors in Japan have expressed concerns with Nintendo after analysts' prediction of the company's sales leveling out after a year of peaked growth. According to a report from analyst Hiroshi Kamide, KBC Securities Japan downgraded Nintendo's 12-month price estimate by 30 percent to ¥57,500 (US$ 580). He also mentioned that the company should now expect "a tougher trading environment" after its amazing growth this past fiscal year in the U.S. and Europe.
Despite Nintendo being able to outdo its rivals for a third time this fiscal year, KBC reduced its own outlook for the Osaka-based company's net income for the next fiscal year by 8 percent to ¥391.6 billion, DS console shipments by 6 percent, and Wii software sales by 5 percent.
The stocks for Nintendo have already dropped by 22 percent this year after showing doubled growth in 2006 and 2007. We look forward to seeing if Nintendo has any strategies to offset its apparently slowing growth. Keep coming back to this spot for more financial updates regarding Nintendo.
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User Favorites - December
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Comments
I'm pretty sure we will see a another stupid comment here soon from Mister Common Sense peeing in his pants of pleasure...
@ Silver, That would misguided pleasure! :) @ Everyone else, 1. Stocks go up AND down!?!?!? Who knew? 2. Nintendo went up up up for two years and after such the instant is goes down people are shocked? There is no such thing as stocks going up and never coming down. 3. This isn't NEWS. 2008 has shown a gradual decline in the console market. We already knew that. However, if you look at the facts, the Wii continues to outsell everyone else and in the past month it has gained stem and is gaining even more distance from the other guys. However, it's only natural that all these console level out at some point in time.
See, this is actually good for Wii fans. Now Nintendo will be forced to invest some money in new features, increasing production and shipments, and game development rather than sitting back and letting endless profits roll in. If enough people complain (like me) Nintendo might finally notice they are being lazy and put forth some real effort. You can thank me later.
ISOHaven is right. Stocks rise and fall, this isnt really a crucial time of the year for any console developer. right after the hollidays have ended. and sales are down pretty much globaly. SSBB just hit the scene. And these numbers dont really reflect that. check back in a month and see how things are going for nity.
thank you for being the number one idiot on qj keep up the good work.
man ur retarded........or i mean wiitarded.....wiitarded......thats so lame anyways yeah theyre not lazy theyve already put out games from most of theyre greatest franchises mario karts not but a month away
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