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The only thing that stops the dust is the rain. It’s a sweet reprieve, but there is no middle ground. The land is either as dry as the Betty Ford clinic, or as wet as the ocean floor. Everything can be seen from the ridge overlooking Armadillo as John Marston gently bounces along atop...

GAMING NEWS

Nintendo Shares Plummet 18 Percent In Response To Expected Losses

Posted on Monday, January 20 @ 07:02:29 PST by Alex_Osborn


Following last week's news that Nintendo has had to revise its Wii U sales forecast from 9 million all the way down to 2.8 million and its 3DS projections from 18 million to 13.5 million for the 2013 fiscal year, company shares have taken a massive hit, dropping 18.43 percent.

By the end of the financial year, which ends March 31st, Nintendo is anticipating an operating loss of 35 billion yen (approximately $335 million). That's not good and Tokyo investors have responded accordingly.

Nintendo president Satoru Iwata has made it clear he has no intention of resigning, and is looking to change up the way Nintendo does business in the future, going so far as to look to smart devices as a potential avenue.

[BBC]
Tags:   Nintendo, Wii U, 3DS
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