Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
December 19, 2014
arrowPress Releases
December 19, 2014
PR Newswire
View All






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Nintendo shares plunge following meager Wii U sales
Nintendo shares plunge following meager Wii U sales
January 20, 2014 | By Mike Rose

January 20, 2014 | By Mike Rose
Comments
    21 comments
More: Console/PC, Business/Marketing



Last Friday, Nintendo admitted that it now projects losses for the current fiscal year, due to poor Wii U console sales. Unsurprisingly, the company's shares have plunged since then.

As reported by the BBC, Nintendo's share price dropped by 18 percent as Monday trading drew to a close, falling as low as 11,935 yen ($114.65) on the Tokyo Stock Exchange.

To put this into perspective, when Nintendo's share price fell to its lowest in six years back in 2011 as a result of the Nintendo 3DS price slash, that "lowest" was 12,290 yen ($158.57).

The company's shares continued to fall at that point, although they've since been gradually clawing their way back up again, reaching 15,580 yen ($149.66) earlier this month. Of course, this latest news has now seen them come crashing down again.

As a result of this latest fiscal warning, Nintendo president Satoru Iwata admitted that the Japanese company is considering how it could potentially embrace the mobile market.


Related Jobs

Gameloft
Gameloft — New York, New York, United States
[12.18.14]

Technical Director
WET
WET — Sun Valley, California, United States
[12.18.14]

3D Modeler
WET
WET — Sun Valley, California, United States
[12.18.14]

Houdini FX Artist
WET
WET — Sun Valley, California, United States
[12.18.14]

Lighting Artist









Loading Comments

loader image