It is surprising, if not suspicious, a report that The Financial Times published today on Nintendo Switch. In it, the medium specialized in investments ensures that the console «Is about to become obsolete».
As you can imagine, these statements have not gone unnoticed between the press and fans, especially considering the stratospheric sales data we received today. Nintendo Switch exceeded 52 million units sold, improving Nintendo's forecasts, selling at a rate higher than PS4 and PS2 and at a pace similar to DS and even already exceeding total Xbox One sales.
Well, it seems that neither this data nor the excellent sales of games like Mario Kart 8 Deluxe or Pokémon Sword and Shield or of new IPs such as Astral Chain, which already exceeds one million units sold, have been enough to convince the Financial Times. In it, he points out that Nintendo «is stagnant»
"The Japanese gaming company has yet to adapt to a market that is rapidly moving away from consoles," it is mentioned in the text. “Switch has done well so far and is the main reason why Nintendo's shares have risen a quarter in the past year. Switch, which turned three in March, is about to become obsolete. Rivals are launching smartphones and new consoles with the latest features, while cloud games present challenges for the sector ».
"Without a new console planned for this year, Nintendo's actions seem expensive," he continues. “They operate with a multiple of future earnings 22 times, a quarter premium for their peers. Upside down of the new releases of mobile games, the prices are more than expensive. It is time for investors to look for scoring opportunities elsewhere.
Finally, the report also mentions that the premiere of Nintendo Switch in China has been disappointing to have launched a single console game in the territory, which in the report wrongly says that it is "Super Smash Bros."
Although the report is aimed at the financial sector and actions, the article has not gone unnoticed by fans and many have issued their complaints in relation to how surreal it is that Nintendo presents extraordinary financial results and just on the same day an article is published telling investors not to bet on the company. It is unknown if the article was planned for today, if they knew that Nintendo's financial results were going to be as positive or if it was a coincidence; In any case, social networks have already been filled with memes about it.
What do you think about that? Do not hesitate to leave it in the comments.
Via.
