While this is not a good thing for the most part, it does have a plus side. FINALLY NINTENDO WILL GET ITS ASS IN GEAR AND FIX THEIR SHIT. If not…Nintendo will only slip more and more.
Stock in Nintendo dropped by 17.09% in a day following the announcement earlier by Satoru Iwata. The announcement saw Iwata slash Nintendo’s forecast for the fiscal year, as the Wii U and the Nintendo 3DS failed to reach the company’s sales projections. With the Wii U total forecast slashed from needing about 3.5 million more sales by March down to 2.8 million and the Nintendo 3DS from 18 million to 13.5 million. Nintendo’s share price is $14.89 on the New York Stock which is a drop of 17.09% from the $17.96 it started the day at. The stock prices reached $19 when news came about that China was lifting its ban on console sales, but have since dropped.