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Nintendo investors speak: We want games on iOS

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DVDBack23 @ Aug 14, 2011 17:23 | 7 comments

Nintendo's stock is in the toilet and investors have begun to get more vocal on the company's inaction.

Trading as high as ¥71,100 in 2007 with blistering Wii and DS sales, the company's stock has fallen to ¥10,900, its price before the launch of the Wii.

In the last five months alone, following the weak sales of the 3DS handheld, the company's stock has fallen 55 percent.

Investors in the company have finally begun to speak up, and have been encouraging Nintendo President Satoru Iwata to start creating games for iOS and Android, lest they keep losing market share to the mobile platforms, and Facebook.

Iwata has long stated that Nintendo will not create products for platforms that aren't their own, and that strategy has not even slightly shifted. Last month, Pokemon Co., which was formerly owned by Nintendo, announced they were creating a mobile game for Android and iOS, and Nintendo's shares exploded on the possibility Nintendo would follow suit. The shares have since returned and gone even lower.

Outside of their own consoles, Nintendo owns the rights to the most popular games in history, including Mario, Donkey Kong, Zelda and Metroid. Such games would undoubtedly be hits on whatever platform they would be released for.

Nintendo Stock Chart: Reuters

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Comments

Comment by: plutonash (Aug 14, 2011 18:08)

Finally king koopA will make his arrival to the mobile.

"Cable thief is a victimless crime."

Comment by: LordRuss (Aug 14, 2011 18:38)

Sounds like proprietary, corporate isolationism is finally biting them in the ass. Might Sony be suffering a similar fate?

Personally, I say screw the share holders. Nintendo should have listened to their consumer base rather than a bunch of tight wad, money whoring elitists. Had that been the case they might not have fallen off financially near as bad. Share holders are NEVER forward thinking until their wallets are thrashed, then all of the sudden they become intellectually worldly.

http://onlyinrussellsworld.blogspot.com

Comment by: DXR88 (Aug 14, 2011 18:58)

the shareholders are still dumb as bricks, Nintendo share's have fallen because of the lack of creativity and the flop of the 3DS.

as a console maker they need there own exclusives, otherwise they will fail. Sega knows this best. Wii-U and Skyward Sword alone will see stocks sky rocket.

Comment by: LordRuss (Aug 14, 2011 19:35)

Originally posted by DXR88:
...as a console maker they need there own exclusives, otherwise they will fail. Sega knows this best. Wii-U and Skyward Sword alone will see stocks sky rocket.

For their sake I hope you're right.

http://onlyinrussellsworld.blogspot.com

Comment by: ROMaster2 (Aug 14, 2011 22:13)

It's not that complex Nintendo, a port of Super Mario Bros. on the iPhone and Android will go a LONG way.

Comment by: statomike (Aug 15, 2011 06:44)

Too bad they aren't creating products for platforms that are their own.

Comment by: POGK (Aug 16, 2011 00:02)

Originally posted by statomike:
Too bad they aren't creating products for platforms that are their own.

:thumbs up: