DSi forces Nintendo shares down
Investors fail to be wowed
Shares across the globe may be up and and down like a proverbial jack-in-a-box anyhow, but it appears Nintendo's shareholders aren't quite as excited about news of the new DSi handheld as everyone else is.
Bloomberg this week reports that shares slid 3.7% directly following the firm's Tokyo press conference, closing at 39,500 Yen on the Tokyo Stock Exchange. Shares in the firm have already fallen 41% in 2008, following the poor global outlook.
"Nintendo’s announcement on the DS didn’t exceed investors’ expectations," offered one analyst - who also noted that general market conditions can hardly have helped. Some had hoped to see a Wii HD announced at the event, but that never quite transpired.
More soon.

Comments