Nintendo’s Share Price Falls
Following Nintendo’s 3DS Conference this morning in Japan, their share price has fallen a further 5%.
The drop leaves the company’s share price at ¥ 12,290, the lowest since mid-August, when disappointing financial results caused it to plummet 21 per cent in a single day. Nintendo’s shares spiked by 8.4 per cent to ¥13,100 at the end of August after invitations to today’s 3DS press conference sparked rumours of major announcements.
However, analysts and investors were not enthused by the new software, extra functionality, and “misty pink” 3DS hardware Nintendo actually unveiled.
“I don’t think the new games will make any difference,” Ichiyoshi Investment’s Mitsushige Akino told Reuters. “Nintendo succeeded by pulling in people who weren’t gamers and their needs now are no longer being filled by Nintendo – they are happy playing games on their mobile phones.”
Surely its the gamers that matter, and I for one am super excited about the 3DS’s day, short of getting Call of Duty or Battlefield 3 on the device, Nintendo has done everything right! Towards the end of the conference I actually became concerned for my wallet, which will sure take a hammering over the next year!