Has Nintendo finally exhausted all the momentum out of the Wii and DS? Deutsche Bank seems to think so, which earlier today downgraded its rating of the Japanese super-happy-fun company to “sell.” The logic is pretty simple: odds are this is as good as it gets for Nintendo, so investors would do well to cash out now, and collect whatever profit it is they’ve accrued over the past few years.
That’s what the financial guys will tell you, at least, and all they care about is PROFIT and GROWTH and other such words you’re most likely to hear on CNBC.
As it is, the company’s stock has been trending downward today.
As I say I’ve said in the past when it comes to all these financial stories about the games we play, look, so long as you’re happy with your system and games, there’s no need to get into a pissing match about attach rates, sales broken down by region, etc. Just enjoy yourself.
I look at it this way. The wii is the best system between the 3 ‘current-gen’ systems (it has the most replay value in it’s games than the other two). Neither Sony, Microsoft or Nintendo have anything in the works for this year or next as far as I know. The wii is still continuing to outsell the rest.
I am not sure how this is grounds for ’sell sell sell.’ And from where these analysts have already sent our market, I wouldn’t trust these analysts as far as I can throw them.
If anything I would take advantage of the downward trend today and buy buy buy. Hold on to it. When nintendo gets ready to release their next console it is going to be a killer. It will have current gen graphics I’m sure and it will also be the most fun to play. They are on par now I think learning from the few mistakes they made with the Wii to really kick some major ass on their next system.