Thu, Dec 08, 2011 | 22:17 GMT
Analyst: Nintendo “left for dead” by investors but won’t “roll over and die”
One analyst believes Shigeru Miyamoto’s departure from Nintendo wouldn’t damage the company, and has dismissed the fears of fleeing investors.
Analyst Asif Khan of Panoptic Management Consultants told IndustryGamers that Miyamoto’s retirement would have little impact on the company’s value.
“It would be a bigger story if Miyamoto left to work for Microsoft. The man is 59 years old, and eventually all people retire and/or die. The mark he has left on the video gaming industry will not disappear overnight,” he said.
“Nintendo has international brands and a playbook for how to exploit them; if you think that one man is responsible for their success you are very mistaken. Steve Jobs put together a great team to achieve the success we have seen at Apple, and I have no doubt that Miyamoto and Iwata have done the same.”
Nintendo’s stock dipped 2% when a translated interview suggested he was partially retiring, and has seen several waves of dumped investment this year in the wake of disappointing 3DS sales and a confusing Wii U debut.
“Nintendo has been left for dead by investors this year [but it] has been around since 1889, and I don’t think they plan on rolling over and dying even if that is the consensus in investing and media circles,” Khan scoffed.