Nintendo down 20% in Tokyo, shares open ask only

[cyberninja45]

Mr Khan said:
Poor predictions are mostly at issue here. Nintendo way overestimated their results in practically every field, and when they failed to meet even the projections that were already downward-adjusted, investor confidence slid still further

What's bugging me is where these losses are possibly coming from. To date the 3DS is sold for a profit (and will continue to be sold for profit until August 11th, people, get your facts straight), as are all their other platforms, and they had no software underperformers to account for actual losses of this magnitude

It has to be R&D costs, slated against the fact that the Yen is still gaining ground on the dollar (given lack of confidence in America and the fact that Japan is doing amazingly well economically for a country that's partially irradiated and still recovering structurally)

Whatever  earnings they are receiving from there products on the market are probably being injected into WiiU's development. They have no new games(exception OOt3D which now just reached 1mil) out and the are on heavy R&D for the WiiU . Especially if  its true they are aggressively  pursuing third parties that R&D cost may be the highest ever(probably giving enormous absorbing incentives to develop for/around  launch) .  That plus that pesky yen.

They are investing heavily on WiiU. Obviously they would be losing money now duh.