Nintendo shares suffer sharpest drop in 18 years
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When Nintendo dropped it’s Wii and DS forecasts yesterday by 33%, it was unknown why they were doing it and they haven’t (as of yet) spoken as to why. But Nintendo’s investors have, as Nintendo’s stock has dropped 12%, which is the biggest fall the shares have seen in 18 years. It seems as if Nintendo is not confident in it’s own stock, and neither are their investors. More inside “”Nintendo shares have enjoyed a certain premium as people thought the company would do well, even in economic conditions like this. But now, a question mark is hanging over that assumption.”” says Mitsushige Akino, chief fund manager at Ichiyoshi Investment Management.
Source: GoNintendo
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