Gaming
Nintendo's stock falls after DSi unveiling
Published Saturday, Oct 4 2008, 11:42 BST | By Mark Langshaw
Nintendo's share price has dropped by a further 8.7% after its remodelled DS, the DSi, failed to impress investors.
The new handheld hardware, which features larger screens and a built-in camera, retails in Japan from November 1 priced 18,900 Yen (£90), but its unveiling did nothing to halt the company’s steady decline in the stock market.
"Nintendo's announcement on the DS didn't exceed investors' expectations,'" Yoku Ihara, head of equity research at Retela Crea Securities Com told Bloomberg. "The stock market was so bearish that the news didn't help the shares gain."
Nintendo’s share price has been in steady decline over recent months, with the global financial crisis and a strengthened Yen believed to be contributing factors.
The DSi's European release is expected some time in spring 2009.
The new handheld hardware, which features larger screens and a built-in camera, retails in Japan from November 1 priced 18,900 Yen (£90), but its unveiling did nothing to halt the company’s steady decline in the stock market.
"Nintendo's announcement on the DS didn't exceed investors' expectations,'" Yoku Ihara, head of equity research at Retela Crea Securities Com told Bloomberg. "The stock market was so bearish that the news didn't help the shares gain."
Nintendo’s share price has been in steady decline over recent months, with the global financial crisis and a strengthened Yen believed to be contributing factors.
The DSi's European release is expected some time in spring 2009.
More: Yoku Ihara, Gaming
Level Up
We've got a PS Vita... Ask us anything!Ask us anything about the upcoming PlayStation Vita.
Gaming Reviews
'Little Deviants' review (Vita)Little Deviants is little more than a string of hit-and-miss mini-games.
Gaming Features
Ubisoft's Vita launch lineup: Hands-onWe sample Rayman Origins, Lumines Electronic Symphony and other launch titles.
Gaming Interviews
'Prototype 2' interviewRadical talks how fans were offended by some of Prototype 2's initial choices.
