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Another Nintendo Selloff Deepens Doubts About Youth Game Plan

While the rest of Japan was still celebrating Tokyo’s 2020 Olympics victory, today was a grim day at the Kyoto headquarters of Nintendo (7974:JP). Investors had hoped the maker of video game consoles would win membership in Japan’s benchmark stock index, following the merger of the Osaka exchange (where Nintendo had been traded) with the larger Tokyo exchange. Nikkei Inc., keeper of the Nikkei 225, dashed those hopes Friday by announcing that Nintendo hadn’t made the cut. “This expectation has come to nothing,” wrote Takao Suzuki, an analyst at BNP Paribas. “This appears to be the right time to sell.”

Investors agreed. Within 90 minutes of today’s opening bell, Nintendo was down more than 7 percent. As the day wore on, things just got worse. By the end of trading, Nintendo shares had lost 8.4 percent of their value.

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LOL_WUT1054d ago

Things aren't looking so good for Nintendo.

jaredhart1054d ago

Well, the 3DS is doing well but below expectations. The WiiU is a certified disaster.

-Foxtrot1054d ago (Edited 1054d ago )

I don't see why they don't get rid of Iwata if things are so bad. They need a guy in charge who is fresh and will embrace the industry which we have today instead of trying to stick your company in the past and be obsessed with keeping with tradition

Sony was kind of the same back with the start of the PS3 but over the years they changed, listened to feedback and embraced the even changing industry....look where they are today.

AbortMission1054d ago

They should just swallow their pride and release games on Android/iOS. They can even make "Nintendo accounts" for these smartphones

worldwidegaming1054d ago

Some of the best companies were in the black right before they went under.
this is more of the same end of the world dealings...just look at what's happening with Apple stock...
Doomsday is coming any day now...

310dodo1054d ago

I love Nintendo.
but they have needed a kick in the ass since the original Wii.

hopefully Nintendo places new people in charge, to get gamers back into wanting a Nintendo.

Gamingsince751054d ago SpamShow
worldwidegaming1054d ago

Look up how Business is done in Japan.
Its one of the worst places to work for someone who is young and ambitious. You will be spending a lot of time bending over both ways. great place to travel and see the sights but horrible place to work. look at Olympus for an example.

Flavor1054d ago

Innovation has never really been a Japanese 'thing'. They punish failure so harshly that nobody wants to take any risks; in America it is okay to fail, banks will still lend to you and people will still have confidence.

And if you do succeed in Japan, you just sit on your laurels, do the same thing over and over, and stifle anyone or anything that could upset your status quo.

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