Nintendo’s Shares Fall 5% After Pre-TGS Showing

Nintendo announced a whole mess of games at their TGS conference last night (to us Western gamers), and showed investors their lineup beforehand. While it seemed there was something for everyone, investors left the showing feeling generally unimpressed.

Reuters reports that shares dropped a full 5% following the event. Gamesutra added the total drop to be 46% over the course of 2011.

“Today’s announcements were disappointing relative to what the market was hoping for,” said Mitsuhige Akino, of Ichiyoshi Investment. “The new Mario titles and the additional movie-camera function aren’t enough for the company to meet its targets during the Christmas shopping season.”

Nintendo’s meteoric rise over the past few years seems to of finally hit it’s stopping point. That said, they are still bringing money in, and with the price drop bringing an increase of sales, Nintendo is still making money. Just not as much as they predicted.

Do you think Nintendo’s year will end as badly as predicted by analysts, or will Nintendo at least gain a little more of a foothold to start next year with? Let us know in the comments below.

Source: Reuters

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Author: Don Parsons View all posts by
Starting out as a founding member of Gamingcore Podcast, Don ventured on to start Gameciety; which began as a podcast, and ended as a blog. Don now handles Vagary.tv's PR work, is part of the reviews staff and has various other little projects he does for the site.