Nintendo shares plummet 18% following loss warning

Monday, 20 January 2014 08:16 GMT By Dave Cook

Nintendo’s shares have dropped 18% following the company’s financial report, published last week.

It follows our report on Nintendo’s financials, which saw the company posting an expected $336 million loss. We also wrote a blog suggesting that it is perhaps time for Satoru Iwata to resign.

Now, the BBC reports that following publication of Nintendo’s projected ¥35 billion / $335 million / 205 million loss, the company’s stock fell to ¥11,935 a share on the Tokyo Stock Exchange today. It amounts to a drop of around 18%, says the site.

In response to last week’s profit warning, analysts chipped in to suggest that Nintendo must move into new formats to survive, including mobile.

What’s your take on Nintendo’s current situation? Let us know below.

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