Nintendo stock falls after mixed reaction from Switch 2 announcement
Nintendo stock falls after mixed reaction from Switch 2 announcement
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23 comments
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Stock "news" is stupid, the Switch 2 announcement has been expected for a year. The only news is that the company confirmed it will launch this year, which was already expected. Real news is when we start hearing what games will be available at launch (or soon after).
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Yup. If there even WAS a measurable stock value drop (too lazy to check) it was not because the switch 2 basically had a "this is the 2025 version of a phone. It is slightly different. Buy it" ad.
It was because the next major news will come in April. Which means it ain't launching until May, at the earliest. Which means all the anticipation of a shadow drop of a console (because that would somehow be a thing...) is gone and the artificially increased value of the stock has diminished.
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There was that time Sega suddenly dropped the Saturn into the US market months ahead of schedule. Shot themselves in the foot doing it, too.
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Sony them promptly blew off their other foot with the $299 thing.
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Will someone please think of the out-of-touch investors who do nothing but speculate and play with other people's money?
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23 comments