Nintendo’s Stock has dropped 10 percent

After the announcement that the 3DS will not make it to store shelves this holiday season, stocks for the company has dropped 9.54% in the Osaka Securities Exchange. Stocks are now worth to 20,860 (about $250). Nintendo also announced that it expects fiscal profit of ¥90 billion ($1.08 billion) a huge drop from its May prediction of ¥200 billion ($2.4 billion). I don’t know much about stock exchange but I know that dropping 10% is bad. Not being able to release the handheld this holiday season in either region has definitely killed Nintendo’s momentum.

Source: Gamasutra

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