Nintendo dodged a bullet with their Switch 2 plan
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- čas přidán 9. 09. 2024
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I didn't plan another finance video but given the state of the markets, it's important to analyse Nintendo's place in it...
• Delaying Switch 2 avoi... - My forecast video in March explaining exactly this problem Nintendo faced.
As an econ and statistics student, do more financial videos. I don't care if the rest of the audience is asleep, I love them!
totally agree
I would love to a see a video that discusses the current bag holders of Nintendo in relation to the bag holders of other game companies, and how that affects what the company does.
I got into Nintendo Forecast because of the economics; please don't give up on it!
I understand there's other aspects to Nintendo which are more popular to discuss (such as the upcoming console!), but a lot of us here are also policy wonks...!
As someone who has an ill-advised percentage of their investments tied up in Nintendo, I agree.
@travisbplank I wouldn't buy more now due to the volatility prior to a console launch, but I would sell right after the console launches because in between a console launching and the console gaining a decently sizes userbase is when profits are at their lowest and the stock will dip. Once it dips than its advisable to buy and wait for the userbase and game sales to go up.
I swear Nintendo has their own personal time machine where they peek into the future once every 3 years.
@@Billigoat21 they were too busy with the gamecube
omg they could have stopped the gamecube
Then they would have known the failure of the WiiU 😂
They were hoping to change the GameCube and Wii U’s failures. Probably ended up doing better than what they foresaw in the future. But also saw the success of the next console over and said screw it.
@@sboinkthelegday3892How dare you slander the GameCube so
Mr. Furukawa seems like a professional monopoly gamer since after becoming CEO he's been very careful around Nintendo businesses.
"Slow is Smooth. Smooth is Fast"
Nintendo has a LOT of roots in Samurai and Shinto families.
Iawata showed them the path of creativity. Now it's time for the new leader to keep the money right so they can have that big boom in the future
Furukawa is a bussiness man through and through. He obviously doesn't want to be in the spotlight like Iwata did, hence why he gave the Nintendo Direct presentations to Takahashi and Koizumi. But at least he seems to be good at what he's doing. That's all Nintendo needs him to be.
Nintendo did what was called a "pro-gamer" move.
@@prognosticii More like a massive n00b move. Switch 2 is launching straight into a massive recession
@@smashmonkey6304 The hope is that yen rallies by next year. The worst case scenario is Nintendo launching the console when the yen is even worse than it is now.
@@prognosticii yen is already rallying. The problem isn’t the currency. It’s that we’re seeing a global collapse in the world economy. Consoles depend on their first 18 months. Switch was a success because 2017 was such a good year. Now Switch 2 is going to launch into a recession. People aren’t going to rush out and buy a Switch 2 which means they very well may just have a dud on their hands for another 6-7 years. The console will struggle to gain momentum. This is why it wasn’t a pro-move but an absolutely n00b play. Warning signs have been flashing since 2022. Nintendo ignored them because things were going OK. Now Switch 1 is at market saturation and Switch 2 is dead in the water.
@@smashmonkey6304 what could they do different, you wouldn't suggest the make switch two in 2021 right?
@@saikonohero1435 I think Holiday 2023/Early 2024 would have been the last window to sell it. These years weren’t great either. 2023 was down for the whole games market. But you at least could have a strong launch and then hope to weather the storm if one comes (and hindsight, it is coming). This also would have been the normal 6-7 year life cycle for a console. It’s better to be ahead of the downturn than in it. Now Nintendo has to consider if they need to get the thing out cheaper and if they can afford long development cycles. The 2008 recession was very hard for Nintendo and Wii sales collapsed.
These things take time but Nintendo should have started planning in 2022 to get a foothold. They basically sat on their hands because the Switch was doing well. Problem is console market can change fast, and Nintendo could go from “success” to investors demanding Nintendo games on Steam (Nintendo’s mobile push was due to Wii U/3DS failing and investors getting upset with them)
Nintendo executives must be CACKLING after everyone said they were stupid for not using AI.
It's even more stupid when you think the definition of AI.
Games had it since the 70's, what they mean is algorithms but it doesn't sound half as fancy.
Just wait till the EV bubble bursts. That’s going to be a dumpster fire.
"everyone said they were stupid for not using AI"
No one said that but go on.
@@DMP64 no, what they mean is generative machine learning
@@NihongoWakannai semantics, semantics. algorithms is right.
You called it PERFECTLY. Which means the console can soon begin mass production, and CAN release it in March
The next months are going to be pretty exciting for Nintendo fans.
For anyone who thinks a potential economic downturn in 2025 is a problem for Nintendo:
Was gaming down in 2008 when the world was undergoing the worst economic downturn since the great depression? Fiscal year 2009 (April 2008 - March 2009) which was completely within the early days of the great recession when the economy was at it's worst saw Nintendo sell 26 Million Wii's and 31.2 Million DS's.
Both numbers were up from Nintendo's 2008 fiscal year when the economy was riding high on a bubble. (18.6 million Wii's / 30.3 Million DS) In fiscal year 2010 which is when the world was starting to recover from the "great recession" sales of the Wii was down to 20.5 million and the DS was down to 27.1 million.
The fiscal year 2011 happened and the fall off was steep for both consoles. (15.1 Million Wii's / 17.5 Million DS's)
Video games are pretty cheap entertainment so they typically benefit in economically uncertain times. Less vacations, going out, more stay-cations and home entertainment. Nintendo is probably licking their chops for a economic down turn they can benefit from.
In 2008 Nintendo moved more consoles than any console manufacturer in history in a single year, why would you think it is a bad move to potentially release the Switch 2 in the same conditions?
Best part the DS lite the revision of the DS they made it better, sleeker and most importantly: Cheaper.
By a whole $20.
Whoa, move on from financials? Nah, keep doing that. This helps gamers become more financially literate.
Fully agreed
The darkest timeline would be the day Pachter would be the only vocal game industry analyst.
Realistically gamers who aren't financially literal just won't click on it
Gamers and finance are not compatible with each other. The more you focus on shareholders, the more you screw against gamers.
Nintendo is one of the few companies that remain that understands that making good products and maintaining a decent consumer relationship is key to a sustainable and profitable business.
Not saying they've always had a good relationship with the people, (I'm a Smash player so there's some issues I have), but they keep their image squeaky clean and they treat their employees better than most game companies from what I know.
I have full confidence Nintendo can waver through the swamp of recession, as they've done it before. The first year of games is crucial to its (the next system) success.
Decent consumer relationship??
I'm not convinced enough.
@@darkzeroprojects4245 Well taking everything into consideration, general public opinion of Nintendo is good.
Speaking of first year games, I would only be slightly surprised if Nintendo used a new console release to announce DLC for some of their more recent 1st party games (SMWonder, ToTK), in addition to either a new Smash or Mario Kart game as a launch title.
@@jasonkeith2832 Mario Kart 10 would ensure the system pops off in the first year, maybe carrying it into the second. I doubt Smash 6 is in development though, and DLC is possible for SMWonder, not for TotK as they deconfirmed it.
What the Switch 2 needs is a 3D Mario, a Mario Kart, maybe "smaller" games like a Yoshi game, or a Kirby game, some decent 3rd party games (I'd like to see more FromSoft games, Tekken 8, and SF6) and a couple of remasters/remakes to pad things out. Metroid Prime 4 will likely be cross gen or receive a cross gen patch to enhance performance. I imagine Splatoon 4 is also in the realm of possibility in the first year as Splatoon 2 was (if I remember correctly). Lots of possibilities, but I'm placing my money on the above. I do hope for a new Punch-Out!! game, or a Wii port with extra content.
*Looks over at Garry’s Mod*
Squeaky clean, huh?
i would love more coverage of financial aspects like this, they always yield fascinating insights that i never see covered anywhere else
The Switch-up
the whole AI thing really feels like the tech economy just going through the motions.. perhaps it'll have a bigger effect than usual, but many trends are hopped onto so quick in tech that then crash in value and then everyone moves on
Soooo much money has been pumped into AI it will definitely tank restructure than be profitable.
AI as a non-industrial service will likely die off as consumers pull further away from it, but corporate usage will likely only reduce when facing industry-wide strikes, like the current SAG strike.
Nintendo avoiding AI likely has as much to do with respecting artists' talents as it does Nintendo seeing the potential copyright infringement generative AI courts, and them wanting to avoid that like the plague.
With all the energy it consumes I keep thinking it must cost a fortune to run
This is my favorite video so far. Exactly what I like to see both in content and delivery
Congratulations for the fast report I just read about the Japanese stock exchange. As always you are ahead.
Nintendo doing what they do best, play the waiting game.
Man the financial videos are some of the best and most unique content. I actually feel like I'm learning something new and improving my critical thinking. Don't dumb down your content for the mouthbreathers.
This has got to be the most intelligent switch 2 update and discussion I’ve seen in over a year
It's always sounded weird to me that countries would WANT a weak currency.
But that's because I barely understand any of this stuff 😅
What I learned from AP macroeconomics:
Demand of your currency from foreign nations increases while your country is in recession but I forgot why. 😭
If you export a lot, a weak currency means your goods are cheaper and you make more from them (and, ultimately, money is flowing into the economy). If you import a lot, a weak currency means things are more expensive. If you do both, you want to keep the currency in the goldilocks zone.
@@nintendoforecast Well that explains why stuff is so expensive in the U.S.
Let them take their time on the Switch 2. Although the Wii U was an ok system, we don't need Nintendo to repeat another failure system.
Honestly, the more worrying problem for Nintendo is the rumblings of a US recession, which is what seems to be informing this crash in many countries, hitting harder those that depend more on exports (and US ones even more). That's why the hit has been basically global, even though Japan (and South Korea) has suffered some of the biggest crashes.
And if the issue is about a US recession medium term, it's going to make Switch 2 suffer a lot.
Not every recession is 08
it probably wont be that bad
I think they can dodge some of the likely recession if they continue selling Switch 1 as a budget console, wont be good for Switch 2 though.
@@bobpotato1231 true that not every recession is 08. However, it's not that the cost of making games or making consoles is the same as in that era. Nintendo might be in a position where they can cape a downturn, but they lose the amplitude for other weaknesses, like misfiring with to be expected big games - and they no longer have a console to turn back to if Switch 2 fails.
Yeah but as you said it's an US problem, thing that used to be also a problem for America as a continent because on how mayor Trade Lines work around US monopoly, but as times has passed there's companies who have opted make business with Mexico for manufacturing, Panama with shipments alongside Peru and also Nintendo expanded to have a second mini hub at Colombia which all makes alternatives at the distribution of the console which Canada could also benefit. It is unfortunate that the US passes through all that but still, as some racists say "Americans problems just affect America".
So who knows if this only affects Unitedstadeans?, who is to tell imma right?
If the communist wins in November, the US economy will tank
You really are hard at work pumping out these videos like this! Liie take a break or something i cant keep up 😂
You should consider making a course like "the beginners guide to finance" using video game references as learning tools. Or maybe offer consulting or coaching services.
They've learned from the
Wii u
Wii U should have been seen as Wii accessory. If Wii U Gamepad was massively successful already first, Wii U console would have launched it into space.
This can be done now. The BEST idea I have is they should make Gamecube Future, or Gamecube 2. Portable device the size of a Rubik's cube (like some others) that can download and host content that is streamed locally to Switch consoles.
Alternatively it could simply manage processing of GCF games inside the Switch card slot, so even while it's read on your Switch, it would be the hub where other people's Switches connect to for multiplayer. If it can host DLSS passthroughs, it could be possible to ran multiplayer with a lot of the power demand being handled by everyone's own Switch.
My goofy idea with Gamecube is not just to have a sequel but a larger strategy of breaking down the "next iteration" mindset, and have people understand that emulated Gamecube games on NSO and maybe on phones, can be a LEGIT commercial product. They can look back a decade or two, like with every normal media product, such as Shakespeare being remade 400 years into the future.
I liked how I learned in another vid how the Wii U was less of a failure because of the re-release of some of its games on Switch.
Absolutely guys
@@dragoonfirestorm1171those games sells good because nobody have a wii u and the switch was not backward compatible for good reasons. I remember that when new super mario bros u was ported to the switch a lot of my co-workers commented that nintendo wasreleasing a new 2D mario game after years.
@@dragoonfirestorm1171 Its funny, because that was exactly what the Wii was to the Gamecube, too
Remember when everybody wanted to rush Switch 2 for 2023 much less 2024?
Remember when everybody thought Nintendo, the architect of the industry, would follow Sony's lead in making Switch Pro?
Nintendo is about to be a 135 year old company next month.
Japanese companies at their best think LONG TERM.
Japanese companies like to set up INSTITUTIONAL POWER.
They go far beyond the fly-by-night mentality "Westerners" tend to have especially in America.
It's utterly amazing how EVERYTHING & I mean EVERYTHING seems to be falling into Nintendo's lap lately!
The moves they made over 20 years ago that everybody thought was wrong ended up being oh so right!
Nintendo will ride out all of this uncertainty because their war chest is Fort Knox level & they have NO DEBT.
That's LONG TERM planning & prudence at work there. This whole industry is about to fully belong to Nintendo. WOW.
Japanese companies are often zombies, artificially propped up by the state. Nintendo is doing well, though.
People always act confused by Nintendo's decisions.
Nintendo simply saw kids fighting in the same sandbox and decided to build there own. Others get jealous of Nintendo and try to compete with them.
The only other major gaming industry company that I've seen with long term thinking is Steam / Valve.
They are making a lot of quality of life features for both gamers and developers creating a strong loyalty.
Steam may just seem like a store but it is a titan of a tech giant. No one else has even half the features that Steam does.
The investment into linux was a mult-purpose plan to give them a dominant hold that can't be shaken.
1. It allows them to join a small yet growing untapped market.
2. It gives them an escape route in case of Microsoft and Apple begin leveraging anti-competitive methods.
3. It gives them a path towards creating there own hardware. The Steam Deck is a compliment to Nintendo's Switch. An adjacent sandbox.
I don't think Steam / Valve does everything for a long term outcome.
All Gaben has been doing is providing a better service.
@@johnlucas1543 The Japanese do not think long term. They haven't done that since the 1980's. That's why their society has been collapsing since the 1990's and their economy has shrunk to smaller than Germany's.
A new system after 6 years isn't rushed. This isn't the Wii U which didn't even last 5.
@heroslippy6666 Steam is only a competitor in 3rd party games, as Nintendo has long held itself afloat with its wide variety of 1st- and 2nd-party games, with 3rd party basically being the frosting to their proverbial cake.
I will say, the current market downturn is mostly driven by the crash of the Japanese Economy, many US companies are shareholders have significant stakes in the TSE. Not the other way around.
Japan gave out a pile of loans with negative percentages for years, and just recently raised their interest rate above zero for the first time.
It's sent shockwaves around the world, a ton of investors had relied on these loans.
man im so glad i found this hidden gem channel a while ago. always top tier content and backed-up predictions rather than pulling stuff from thin air. keep it up!
Thank you!
Awesome stuff! Just stumbled upon this video and hope your channel grows!
"We tend to think of any decline as catastrophic, but 'collapse' never means 'the end'. A people who starts to understand itself in civilisational terms, rather than in terms of graphs and spreadsheets, may be better built to endure. The alternative to what I have outlined...which is the belief that things as we have known them since 1945 will continue indefinitely into the future, for 100 years, 500 years, 1,000 years,as GDP goes ' up and up' and Progress marches on, should be recognised by all but the most hopelessly utopian reader as being at best wishful thinking, and at worst stupidity."
-Neema Parvini, The Prophets of Doom
Question: obviously a number of Japanese companies are way down right now. Is there a risk of foreign buyers snatching up big Japanese companies in this space while they're vulnerable?
It never ceases to amaze me how relatively cheap Capcom would be, for example.
Japan as a culture is typically very resistant to letting foreigners buy their companies. To the point that the Japanese government usually has to step and rule on whether or not they'll allow it, which is EXTREMELY rare.
As cheap as Capcom is, it's more likely that another Japanese company would gobble them up before the government would allow a foreign company to take them.
@@video-luver769 With the activity we have seen from holding companies like Blackrock organizing political protests and movements after the assassination of Shinzo Abe in moving towards yielding to global demands I worry that this resistance may be something that disappears within our lifetime.
@@video-luver769The only place on earth where businesses can be snapped up by foreign interest is in the west. Western nations allow each other to take over one another’s companies. And then they also allow themselves to take over their colonial and imperial subjects. Other than that, never does any nation on earth just allow foreign nations to control pivotal or major sectors of the economy or businesses
As someone who is *not* an econ and statistics student, I also think you should continue financial videos. I like em
Incredible forecasting job back in March! I would have never considered any of that as part of their strategy, but whether it was a huge part, small part, or just fortuitous (doubtful), you were right on the money here!
Looking forward to seeing this unfold in the coming months/year
You work fast. Well this certainly puts things into perspective. Obviously we gotta wait a bit more to see how much the Yen strengthens but it's pretty evident the waiting will pay off eventually.
Patience is a virtue in action right there.
What? Stonks don’t only go up?
in the long term they do, but stock collapses are always a thing. People freak out because they are always worried about their short term investments but if you're patient and wait 10 years you'll always make a profit on stable investments
What? The stock market actually has real-world serious effects that should be taken seriously and isn't just another random pile of meme material?
Not bashing you, just pointing it out. You are correct.
Fantastic Video and a good reminder things are more complicated than just bringing out the new system when we all wanted it : )
While the world's stocks plummeted, I made bank investing in your YT stock. You have a really solid niche going with this stuff, keep it up.
Your videos are extremely well done. Thank you, keep it up.
Thank you!
If you can play upscaled switch games on switch2, you'd just buy it and await for better times to build your library
just as i was scrambling about my plans to visit japan as the yen strengthens lol
So if it would've been difficult to sell a brand new console holidays of this year, it should be even harder to sell a nearly 8 year old console for $300 during these holidays.
Considering Nintendo's recent sales data, it seems like it'll be difficult for them to sell another 10 million Switch units in this economy, especially if people are less likely to spend money.
If ever there was a need for a Switch price drop, this would be the time.
Nintendo is a very smart company(ok maybe not WiiU), but they have incredible financial analysis. Who knows maybe they have advanced future tech that allows them to walk into their boardrooms in the future to see how things are going then adjust accordingly.
When I saw the market "crash" and say it was based on Japan-US carry trade , I did think "I wonder if this is as Nintendo Forecast predicted?"
Nintendo consistently makes surprising and smart decisions
This was really cool to watch! You don't often hear about the real world financial decisions that go into the video game business, probably because it makes teens kinda glaze over. But as a 30-something adult, I found this fascinating. Thank you so much for putting this together!
I’m probably going to major in economics or computer science. these are pretty helpful
Appreciate your videos!
Nintendo can sometimes seem stagnant at times. But they’d stuck around for a reason. Nintendo doesn’t behave like a tech company. Tech is volatile and unstable as they hedge their bets on unproven technology and strategies. If you’ve noticed, the only stable tech companies are the ones with literal monopolies or obscene market capture and domination. Nintendo innovates while also adhering closely to core tenets that have been around as long as the company.
Can Switch 2 pull and Animal Crossing and release at the perfect Historical and Economical time.
No amount of inflation is good. It is just the central bank counterfeiting the currency you are forced to hold. Cantillon effects are that the first ones to receive the newly counterfeited money (typically gov't cronies) benefit from having more money before the market realizes that there is more money and updates their prices. The result is a wealth redistribution from holders of the money to the recipients of the new counterfeit money and to those who hold assets (whose prices increase in response to inflation).
A bit of a nitpick on a minor point in the video, but the way people commonly conflate inflation with rising prices obscures the reality that people would be able to grow their savings without having to gamble in the markets were it not for their government robbing them via inflation.
任天堂は止められない会社だ
This economic deep dive earned ya a sub, good stuff mate
Now, my question becomes: When the Switch 2 hits mass production, given how poorly everything else has been manufactured, should I wait until a hardware revision? Depends on the software...
Hope you're enjoying these more financial focused videos as your usual ones, because you've been doing a lot of them lately.
I enjoy all types of videos really but I do try to balance different types out. It's also a coincidence that I had planned to spend a lot of time right now working on NF content anyway when all this news dropped.
As soon as i heard about what was happening in Japan to the Yen and interest rates i immediately remembered your video on Nintendo's possible reason for delaying their new console release.
Wow I never connected that companies whose home dollar is down end up doing well if they focus on international trade I’ve only thought of it from the other way. Very interesting!
This was a great video! Thanks for making it.
Im nervous about Sega buying up all these competitors at a time when the market is shrinking
I learned a lot from this video, thank you very much!
Well that certainly explains why they tank fanmade games and emulator games. The numbers here don't lie!
Nintendo just uploaded a gameplay video of Zelda echoes of wisdom and the Nintendo haters and doubters converted themselves to Nintendo fanboys. don't get me started with the wallet warriors as they're cash is fully loaded and locked in for Zelda to release.
Amazing video. ❤
Oh wait this is a Nintendo channel? I thought it was a global economy and geopolitics channel for a second there.
Subbed. Hell yeah, what a gem channel 🕵️
We love a VIX 65. 😂
@9:11 That is the reason Nintendo has decided to delay the release of the new hardware.
Amazing video as always!
Was waiting for this video.
Nice analysis.
Great content and something most people don't think about.
As a tangent, I remember back before the N64 came out, wanting to invest in Nintendo stock. I was only in high school in the US and this was before online trading was big.
I’m not financially literate but I’m surprised that a huge company is worried to spend measly 3 or 4 billions! Guess Microsoft made us think paying billions is normal 😂
You know what they say - look after the billions and the trillions take care of themselves!
@@nintendoforecast Good old wisdom there man, if one doesn't go spending recklessly and they will find themselves with support money during trying times.
The yen is now 142 for a dollar. i think it was 160 before.
well it is kind of hard to know what is going on with the japanese stock market they rebound by almost as much as they crashed kind insane really. very volatile but also very weird.
i think the navida issue and ai bubbles were correctting.
What a great video!! so what do you think happens now? do you think mass production will start soon? does Nintendo have a good reason to continue to wait and be watchful?
It's complicated as there will be further rate rises but the Bank of Japan is being cautious after this week. I'll do a video in the next few days diving into this.
Nintendo stock thrives during rough economic times.
Wish I jumped in when they were below $5.
I damn near genuinely believe Switch 2 is never coming out
Are you really being that dumb?
Nintendo literally said that they will be revealing the console by the end of the fiscal year.
Of course it wont. Switch 2 doesnt exist.
But a Switch successor does.
@@WhatIsMatter101 you knew what I meant bro😂
Lets be honest tho, the likelihood of a strong lineup of games at launch is slim. Like, a new mariokart, smash bros, and a 3d mario os not going to be enough to carry a handheld 6 months.
And that would still be more than the Wii U and 3DS had in their first year, almost two at launch.
Great video
It would be fascinating to observe Nintendo's financial actions and plans in how stable they are as a company with steady game output compared with the current insane behaviours of big video game companies firing mass amounts of workers, trying to latch onto insane trends like block chain or NFTs, or releasing unfinished garbage games.
Hopefully Nintendo Switch 2 doesn't fuck things up and they continue the NSO and ensure backwards compatability
What's the name of that strategy looking game with the tanks? Looks kinda fun and up my alley.
Advance Wars! Highly recommended!
I miss the days before scalpers and bots gobbled up all of the new consoles minutes after the initial postings. Then we have to deal with crappy companies like GameStop
Would buying shares in Nintendo be a good idea at the moment if their stock value is down?
The general rule with investing in stocks had always been:
Buy low, sell high.
They're already back to where they were pre-dip, more or less.
What is the point of economic growth for its own sake? Just so the rich get richer? If the economy is advanced but stable and average inflation is just above zero, that's a good thing for most people.
The 1% aren't called the 1% for nothing
Nintendo drifts out of danger once again
As a concerned American hearing you say the performance of America long-term really made me an even more concerned American as you know our media does not serve us so I feel like anyone outside the country has a far better perspective and that was so casual and yet informative and concerning. 💀
Yeah, Japan’s economy makes me concerning Nintendo now. If they release Nintendo Switch 2 soon, I believe that it will hurt the sale figure of Nintendo Switch 2. My speculation is that this year, Nintendo started to invest on existing IPs like Another Code, Endless Ocean and Famicom Detective Club. I believe that it reflected on their economy. On the bright side, it helped Nintendo go for different genres which created more diversity.
Nintendo consoles sell the best during economic hard times.
@@MarshallTheArtist yeah, I hope Nintendo manage well in the future.
Honestly Switch is still going strong and I’m not disappointed in it so it’s fine if it waits another year or two. Console has great legs
Forecast, What do you think is going on with the Pokemon presents?
I've talked about the possibilities in a video here: czcams.com/video/x2ms0gBSL0w/video.html
@@nintendoforecast Alright I'll check it out thanks
Since Nintendo bears such a low time preference I wonder if they will ever announce a certain interest in Bitcoin
They literally said that they have no interest in that.
@@user-be3qc7re9o Alright did they say that about crypto or specifically Bitcoin? Since they are commonly mistaken for the same thing
@@user-be3qc7re9o Alright, perhaps when fiat currencies seriously erode this decade they will change their minds.
I only watched this video because it was about financial data lol.
Random question but how should we refer to you? It's fine if you don't want to share your real first name but it feels a bit strange just calling you Nintendo Forecast lol. How about Mr. Forecast? Here comes the Forkmeister general.
so what does it mean for the PS5 Pro?
I don't know as much about Sony and haven't researched them but my impression is that they're headquartered in the US even though they obviously have strong roots in Tokyo. At the very least, Sony is much more geographically diversified than Nintendo.
I watch the whole video, but I still dont understand how Japan currency affect Nintendo? Isn't good yen means more money to buy resources and hire offshore manufacturing?
It's true they spend some of their money in foreign markets but many of their costs are internal (e.g. most of their standing staff are Japanese).
And they make 80% of their income from foreign markets. So, all things being equal, a weaker yen benefits them.
I donˋt know when you made this video, but considering that the dip in all of the mentioned asian markets literally lasted less than 20h and all of them are now above the values of the dip and rising shows that maybe such long glas bauble videos shoudl not be made during the event.
As I said in the video, it could be a storm in a teacup (it was). I have a more up-to-date and more in-depth video now that things have settled down.
Hey forecast, what are your thoughts on the rumored fire emblem 4 remake?
I did a video a while ago (czcams.com/video/XL-S9eBtxoQ/video.html), before the June Direct. Very unlikely now we'll see anything before December at the earliest.
@@nintendoforecast Thanks!
I'd like there to be more than one good Switch FE(and two good Intelligent Systems games) before the system is done.
Ah yes. Inflation to screw people's savings to make them spend. Very good!!!
the market is going to crash, i dont think we will get a 5 year cycle of switch 2
too much is going on in the world
Nintendo entered the video gaming market at the height of the Cold War, single-handedly saving the industry from obscurity. They were winning the home console war during both of the last great economic downturns too. I think Nintendo will do just fine.
@@MarshallTheArtist nintendo maybe but check the news atm, so much is happening, i hope i live to see end of one piece and switch 2, alot is happening, civil unrest is coming!
@@elsa9026 Not even God will live to see the end of One Piece.
How do you see their stocks in 5 years?
Very hard to say over such a long time frame. Depends mainly on the next console having enough appeal and to some extent around global circumstances affecting sales and supply chains.
@@nintendoforecast I think it will do good theres no competion, still sometime before Microsoft and Sony launch their new consoles, unless they rush it.
RE No inflation being bad: In theory Japan could become self sufficient and survive no inflation for a very long time. Its infrastructure is already super developed. The only reason it "needs" inflation is because of its ties to the US economy ; the one economy that truly eclipses their own. If they weren't they'd be sheltered from a lot of these boom-bust cycles like China are.
that is absolutely not true.
The stagnation of its economy has caused almost every problem modern japan faces.
Japan is the polar opposide of "self sufficient" requiring everything from food, raw materials to finished producs from outside of the island to even function.
Imports have gotten more important and more expensive while the economy could not afford more. People needed to work more to make up for that. 60h work weeks are not uncommon, 70 and 80h work weeks are possible at times. This directly leads to the lower birth rates, marriage rates, higher suicide rates and so on. Almost every single major social problem faced by the japanese is caused because they are not self sufficient under any circumstance.
switch 2? like overwatch 2?
A new powerful switch will sell. It will have Nintendo 1st party games and lots of 3rd party games as well. The longer Nintendo wait to release the new switch. The more competition they will have. With both Sony and Microsoft will release a new consoles. If the American economy goes down have your console out and in people hands is better then fighting for there money with sony and Microsoft . If the yen is high Nintendo can put out better switch For less.