Nintendo Stock Craters In Wake Of Yesterday’s Investor Meeting

Shareholders aren’t too happy with the Big N right now.

Posted By | On 29th, Oct. 2015 Under News | Follow This Author @Pramath1605


Yesterday, Nintendo held its quarterly investor meeting and financial briefing. It was a notable one, because among other things, it was Nintendo’s first after the death of former company president Satoru Iwata, the first that the new company president would be heading. However, a lack of any meaningful information – Nintendo announced a new online service, but failed to provide specifics, they announced a new mobile game, but it seems to be based on the Mii property, and was delayed to 2016, and they neglected to talk about the upcoming NX console at all – seems to have scared off investors.

Nintendo Enthusiast reports that Nintendo stock tumbled by more than more than 10%, for a loss in market valuation of $2.48 billion. Yikes. Nintendo weren’t the only ones who took a beating, either, as apparently, their mobile partner DeNA saw their stock value degrade by 17%.

It looks like maybe people expected something bigger from Nintendo’s first mobile game than a Mii social app- although with the upcoming Pokemon Go, maybe Nintendo has those people covered already?

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  • Hermione Granger

    get your crap together ninty!!

  • Donovan Tull

    This is really not as big a deal as it seems. They’re back to an upwards trend, and their stock doubled in the 12 months before this. They’ve already taken the 15.5% stock loss of October 28-30 and now have taken that down to a stock loss from October 28 to present of a 13% loss. It’s a big loss, but less of a big loss than people seem to think. Their upwards trend is going upwards very quickly, to the point where if they maintain their current pace of 600 yen up per three days, they’ll be back to where they were by November 21st.


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