Fri, Oct 03, 2008 | 08:42 BST
Nintendo shares tumble on DSi announcement
According to this Bloomberg report, Nintendo investors clearly weren’t impressed with the firm’s DSi announcement yesterday, with the company’s shares falling 3.7 percent in the aftermath.
The stock rested at 39,500 yen on the Tokyo Stock Exchange. The stock, which more than doubled in each of the past two years, has lost 41 percent in 2008, while Sony shares dropped 51 percent.
“Nintendo’s announcement on the DS didn’t exceed investors’ expectations,” said Yoku Ihara, head of equity research at Retela Crea Securities Co.
“The stock market was so bearish that the news didn’t help the shares gain.”
More through the link.
4 comments
#1
Tonka
03/10/08, 8:54 am
Stock markets are mysterious things. I wonder ifthey will be outlawed in the future?
Nintendo: “Look at our new product”
Market: “SELL!”
#2
SplatteredHouse
03/10/08, 9:59 am
LOOK! What’s that?!? It’s another DS! Oh, yeah.
#3
scuz
03/10/08, 5:15 pm
madness, what were they expecting? an apple move? NEWER MORE FANTASTIC CHEAPER
#4
damnationx11
05/10/08, 10:13 pm
Not just ANOTHER DS. But a GOOD DS.
xD