Tag Archives: nintendo stock

Investor and financial site 247WallSt has produced a list of the top eight companies where employees are presumably “losing hope.”

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According to a report on Bloomberg, analysts expect 3DS sales to hit 16 percent below Nintendo’s projected target of 16 million units this year. The four analysts surveyed predicted the percentage, despite the recent cut in retail cost for the handheld, with Wedbush Securities expecting 10 million units for the low end, and Tokyo-based Macquarie expecting units sales to hit around the 14.5 million mark. Stock in the firm fell this morning by 5 percent following its pre-TGS conference, where it announced Monster Hunter 4 for 3DS, its second circle pad peripheral, and a delay for Kid Icarus. Thanks, CVG.

Nintendo seems a bit confused as to why shares in the company dropped following the announcement of Wii U at E3 this week. According to president Satoru Iwata, the stock market’s reaction is in stark contrast to the reaction felt on the showroom floor.

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After Nintendo announced Wii U at E3 yesterday, share prices for the firm were the lowest in five years, according to Bloomberg.

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Deutsche Bank analyst Satoru Kikuchi has claimed that Nintendo stock has peaked and now faces a downward trend.

Assigning a sell rating to the company’s shares, Kikuchi said he expected the gaming giant to report “profits this month in excess of guidance” and predicts a decline of 18 percent the next year and 19 percent in 2011 due to slowing sales.

Kikuchi said that profits will “peak and decline after growing on the success of the Wii and the DS,” and earnings could “return to past levels if the company fails to come up with new blockbuster platforms”.

Thanks, GI.biz