Goldman Downgrade Pushes Street’s Nintendo View to Six-Year Low
Goldman Downgrade Pushes Street’s Nintendo View to Six-Year Low
by theroboticdan
11 Comments
VellhungSchlong
It’s a-me, SixYearLow
robotgmr
For us, mere mortals, this means that Nintendo is going to be looking into (different) ways of making money. A lot of it.
This doesn’t mean that a new console is gonna be released anytime soon, it just means they will try stuff.
I don’t think they will put more franchises in the mobile market but who knows, maybe if they’re desperate enough.
I think it’s more probable that they’re gonna launch new games of their own franchises, maybe remasters. Or completely new franchises.
WilsonKh
Interesting this came on the back end of the massive Saudi buy in. But par for the course as switch enters then final third of its life
blackandwhitetalon
I think they should continue to milk a 6 year old underpowered console for everything its got lol
StampCollectorBill
Just means Nintendo shares are at a great discount. I think I’ll snag another hundred shares or so
Schoonsy
>“Demand for the Nintendo Switch has been slowing more markedly than we had previously assumed,” analyst Minami Munakata wrote in a note. “We assume a lull leading up to the launch of the next-generation game console” sometime in the fiscal year ending March 2025, she added.
I never know how much to read into these things. Does this imply some information we don’t have access to, or just a prediction on the analyst’s part, regarding the timeline for the next console?
PrinnyWantsSardines
Yeah, maybe they should stop pushing outdated Hardware even further
Edit: If the link doesn’t work, or wants to clarify you’re a human, go to the main website, and past the Bloomberg link. I forgot to mention that.
hustleorstaybasic
Bought a lot of Nintendo recently for my kids portfolio. Nintendo will be just fine in the future. I think they’ll gets tons of signs up for Nintendo online + expansion pack in the future with the products they add to it. They’ll probably even increase the cost of membership. All pretty easy $$ for them.
dgood527
I hope they start making video game movies and stuff. This mario movie coming out is crucial, it needs to do well. If it does, maybe we get Zelda, Metroid, etc.
Bitter_Director1231
Most tech stocks are down. Market is volatile right now. Nintendo will be fine.
The economy has been on a big run over the last decade. It has now cooled off. It happens.
Nintendo will continue to sell Switches and whatever else they got going.
11 Comments
It’s a-me, SixYearLow
For us, mere mortals, this means that Nintendo is going to be looking into (different) ways of making money. A lot of it.
This doesn’t mean that a new console is gonna be released anytime soon, it just means they will try stuff.
I don’t think they will put more franchises in the mobile market but who knows, maybe if they’re desperate enough.
I think it’s more probable that they’re gonna launch new games of their own franchises, maybe remasters. Or completely new franchises.
Interesting this came on the back end of the massive Saudi buy in. But par for the course as switch enters then final third of its life
I think they should continue to milk a 6 year old underpowered console for everything its got lol
Just means Nintendo shares are at a great discount. I think I’ll snag another hundred shares or so
>“Demand for the Nintendo Switch has been slowing more markedly than we had previously assumed,” analyst Minami Munakata wrote in a note. “We assume a lull leading up to the launch of the next-generation game console” sometime in the fiscal year ending March 2025, she added.
I never know how much to read into these things. Does this imply some information we don’t have access to, or just a prediction on the analyst’s part, regarding the timeline for the next console?
Yeah, maybe they should stop pushing outdated Hardware even further
Hmm… Bloomberg requiring an account, or a subscription to work? No thank you… I couldn’t even get https://12ft.io/ to bypass the article block, unless it was truly that short. [Otherwise, use this link instead to bypass it.](https://12ft.io/proxy?q=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2023-02-28%2Fgoldman-downgrade-pushes-street-s-nintendo-view-to-six-year-low%23xj4y7vzkg)
Edit: If the link doesn’t work, or wants to clarify you’re a human, go to the main website, and past the Bloomberg link. I forgot to mention that.
Bought a lot of Nintendo recently for my kids portfolio. Nintendo will be just fine in the future. I think they’ll gets tons of signs up for Nintendo online + expansion pack in the future with the products they add to it. They’ll probably even increase the cost of membership. All pretty easy $$ for them.
I hope they start making video game movies and stuff. This mario movie coming out is crucial, it needs to do well. If it does, maybe we get Zelda, Metroid, etc.
Most tech stocks are down. Market is volatile right now. Nintendo will be fine.
The economy has been on a big run over the last decade. It has now cooled off. It happens.
Nintendo will continue to sell Switches and whatever else they got going.