Weak yen to buy Nintendo time, for now

News of a weak sales outlook clobbered Nintendo's stock on Thursday, as investors grew increasingly pessimistic over the gaming console maker's ability to deliver a new blockbuster product, but analysts say it might be too early to write off the company yet.

Nintendo's "core business is in bad shape and worsening," said CLSA analyst Atul Goyal in a note. The biggest worry is the decline in sales of its 3DS portable gaming console and software, which have "kept Nintendo from large losses," he said.

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