Investor and financial site 247WallSt has produced a list of the top eight companies where employees are presumably “losing hope.”
According to the site, the reason for the loss of good cheer has something to do the firm’s flailing lead “in the video console sector,” as it falls behind Microsoft and Sony in an age where more and more handhled gaming is done on smartphones.
“The rise of the Google Android operating system has also encouraged video game publishers to make more products that run on that platform,” said the site. “The 2010 market share of Nintendo DS fell from 70 percent in 2009 to 57 percent. Nintendo’s growth has also been damaged by the rise of the iPad and iPhone.
“The future is even grimmer [as] iSuppli predicts Nintendo will sell 70 million 3DS gaming systems by 2015, a figure that is 21 million less than the 91 million in sales racked up by the original DS at the same point in its sales cycle.”
Also noted was Nintendo’s quarterly loss announced in July, which was followed by shares in the firm falling 20 percent, and stock is down once more after a 52-week high of 26,780 yen to 11,850 yen.
During the later part of 2007, share in the firm reached 80,000 yen.