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Nintendo Slumps After Stock Excluded From Nikkei 225

Nintendo, the world’s largest maker of video games, fell the most in more than two years as CLSA Asia-Pacific Markets cut the stock to sell after the company wasn’t added to the Nikkei 225 Stock Average. The shares fell 8.4 percent to 10,860 yen as of the close of trade in Tokyo, the biggest drop since July 2011.

Nintendo last month cut the price of its Wii U video-game console in the U.S., ahead of new machines from Sony Corp. and Microsoft Corp., amid stalling sales and delays to new software titles. President Satoru Iwata took the helm of U.S. operations to drive growth as combined sales for its hardware totaled 1.8 million units in the quarter ended June, down from 3.1 million units a year earlier, as customers migrate to mobile devices for playing online games.

“The early signs of key first-party software inducing a major turnaround in Wii U console fundamentals are not promising, and the outlook for third-party support is grim,” Jay Defibaugh, an analyst at CLSA in Tokyo, said in a report in which he cut the stock to sell from buy. “The value of iconic Nintendo franchises may be declining as younger generations discover gaming through mobile devices.”

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bullymangLer1051d ago TrollingShowReplies(4)
LetoAtreides821051d ago

Time for Nintendo to dump the Wii U and focus on releasing games on the PS3, PS4, Xbox 360, and Xbone. They can keep their handheld business.

JuleyJules1051d ago

Keep dreaming that will ever happen. Nintendo will not be publishing games for any other systems than their own.

Jdoki1051d ago

Same thing was said about Sega...

Gamingsince751051d ago SpamShow
Jdoki1051d ago

I'm sure Sega were thinking the same after the Mastersystem and Genesis.

Atari probably thought the same before they threw it all away.

Don't get me wrong, I'm a big Nintendo fan, and have had a N64, GameCube and Wii on Day 1 - but the quality of their output has declined in recent years and they seem to be floundering. The handheld business will not prop them up long term if the problems in their console business continue in to their next-gen.

The Wii won on being a disruptive technology, the WiiU isn't doing well. Their balance sheet is reflecting this with their first operating loss. March 2014 will be a key date as they release their financial report - Iwata has laid it on the line that they will be back to serious profitability.

N4g_null1051d ago

Sony is closer to sega than Nintendo.
Sony and sega believed in story gaming.
they both spread themselves too thin,
they both used very awkward tech that was expensive.
They both have franchise that dont sell like Nintendo franchise.
Luckly ms has halo.
they both posted huge loses across different market s.
sony also see them selves as cool just like sega did... cool doesnt go far unless you really are.

so when I can get god of war on the wiiu things will be right lol.

+ Show (1) more replyLast reply 1051d ago
jcnba281051d ago

By that logic then shouldn't sony leave the handheld market and release their games on 3DS?

Minato-Namikaze1051d ago

Sony doing consoles and Nintendo doing handhelds under the same umbrella....... Sign me up for that. But after the vita, I need my cross play.

LOL_WUT1051d ago

Agreed Sony should stick to consoles and Nintendo should go the handheld only route. It'll benefit them greatly in the long run. ;)

tehpees31051d ago

No. The demand is not there for Nintendo games on PS3, PS4, 360 and Xbone. Why?

People know where to get Nintendo games if they want them.

Shad0wRunner1051d ago

Yeah...from torrent sites. LOL

PopRocks3591051d ago

You heard it right here from N4G's very own Shad0wRunner, folks! Piracy! It's the COOL thing for the industry! Available on PCs everywhere.

In other news, major game studio closes after suffering massive losses and dwindling profits.

zero_gamer1051d ago

"Time for Nintendo to dump the Wii U and focus on releasing games on the PS3, PS4, Xbox 360, and Xbone."

This is why everyone on the internet hates the Wii U.

Shad0wRunner1051d ago

The Wii U is dead in the water.

The only ones who have a hard time admitting it are, Nintendo...and it's fanboys/girls.

Stocks keep falling, and sales will too when PS4 and XB1 launches. Good luck riding that sinking ship all the way to the bottom of the ocean. LOL

videogameluva1051d ago SpamShowReplies(2)
The_Villager1051d ago (Edited 1051d ago )

Stocks keep falling eh? You sony fanboys are so delusional lol!

http://n4g.com/news/1346005...

Nevers0ft1051d ago (Edited 1051d ago )

Not that I agree with any of the Nintendo/Wii U is doomed crap, but you realise the article you quoted is about the stocks increasing due to a possible inclusion in the Nikkei 225... And this article is basically stating that they didn't get included in the Nikkei 225, hence a drop in stock price, yeah?

Before you jump to the Nintendos defence, check your facts before somebody else does ;)

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