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Worries about the launch of the 3DS and the results of the Japanese earthquake have set Nintendo’s stock prices back 12 percent. The company’s ADR stock closed at $30.10 on Friday, which is the lowest reported since late 2009.
It’s a drop from $38.29, which was reported just before the Japanese release of the 3DS. Despite a strong start for the handheld, the recent drop in sales has delivered this (ultimately small) blow for Nintendo.
We’re sure the 3DS will pick up steam sharpish. Once a few of the bigger titles are out (Ocarina of Time, anyone?) then it’ll start turning a few more heads… and burning out even more eye sockets.
Jamie Feltham 11 Apr, 2011--
Source: http://www.thatvideogameblog.com/2011/04/11/nintendo-stock-at-lowest-in-two-years/
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