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Nintendo Shares Level Out After $4 Billion Drop in Company Value

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Nintendo Shares Level Out After $4 Billion Drop in Company Value

Posted 10:45am Mon 2nd Nov 2015 by Thomas Whitehead

Investors vote with their wallets

Last week was a rather notable one for Nintendo and its smart device strategy. In addition to announcing financial results President Tatsumi Kimishima made a presentation to investors in which he announced that both the Nintendo Account system and first smart device app, Miitomo, would arrive in March 2016 as opposed to this year.

The combination of the delay and nature of the Miitomo app didn't lead to a good reaction from investors, with a 9% drop in Nintendo's share value. Unfortunately for Nintendo that trend continued on 30th October, with the company's share value dropping further to bring a 15% decline over the course of two days; that knocked around $4 billion off the company's overall value.

Nintendo share value over the past month (as of 2nd November)

That decline is reportedly the most rapid seen since 2011, so regardless of arguments in Miitomo's favour it's evident that the app - and its delayed release - aren't sitting well with a number of investors that, let's not forget, had driven a large increase in Nintendo's share value since the DeNA partnership was announced earlier in the year.

The positive is that the 2nd November trading has only brought a minor dip, as you can see above, bringing a little stability back to Nintendo's share value.



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Site was messing up, read the rest at the link below.

http://www.bloomberg.com/news/articles/2015-10-30/nintendo-mobile-game-delay-triggers-4-5-billion-drop-in-value



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YAY! Hopefully it will rise back up if Nintendo delivers some good news..... A Direct perhaps.....?



Pocky Lover Boy! 

Delay a mobile game = $4 billion loss in value.

Yeah, stocks are silly



Bet Shiken that COD would outsell Battlefield in 2018. http://gamrconnect.vgchartz.com/post.php?id=8749702

I have been trying to tell people that the nature of the app is a big part of this drop, not just the delay. Nice to see it spelled out for the more 'unconvincable' folk out there.



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Ka-pi96 said:
Delay a mobile game = $4 billion loss in value.

Yeah, stocks are silly


Sums it all up pretty well.



Massimus - "Trump already has democrat support."

http://gamrconnect.vgchartz.com/thread.php?id=209718&page=1



Ka-pi96 said:
Delay a mobile game = $4 billion loss in value.

Yeah, stocks are silly

Rather than silly, they're very short term oriented.



There was a drop because most people expected a super mario bros level type of game, even though nintendo said time and time again it wouldnt do it, and because of the delay.The stocks it "lost" was probably the same stocks it gained after the news of nintendo making mobile games.Give it some time and they will recover all stocks, specially when it comes near the launch of Miimoto



Uh-uh. Delaytendo is suffering. Hopefully the delays ends this 2015 and dissapear alongside Wii U and 3DS.



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