Nintendo's share price falls following slashed sales forecast

David Wildgoose
Nintendo's share price falls following slashed sales forecast

Nintendo lost 18 per cent of its value on the Tokyo Stock Exchange over the weekend.

The company’s share price opened at ¥12,180 on Monday having closed at ¥14,645 on Friday. Nintendo’s price is down 25 per cent compared to the ¥16,130 it was trading at on January 10.

Cast your eye further back and things are even grimmer, however. Compared to Nintendo’s peak value of ¥70,500 in November 2007, Nintendo has since lost a colossal 83 per cent of its value.

There has been a slight recovery today, with the share price climbing from ¥12,180 to ¥13,745.

The recent turbulence began when Nintendo president Saturo Iwata on Friday admitted that the platform holder would not hit its 9m annual Wii U unit sales target, revising the forecast to just 2.8m units.

Its 3DS sales forecasts were also decreased.

In the hours that followed he pledged not to resign and stated that the company would not be taking its IP onto rival platforms, although he did admit that things had to change at the Kyoto firm.


Tags: Nintendo , 3ds , Wii U

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