Aug 30

Nintendo Stocks See Biggest Drop in Japan Since May Following 2DS Announcement

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The gaming community may be befuddled by Nintendo’s announcement of the 2DS, but Tokyo’s stock market made it clear that they are not pleased with the company’s recent decisions.

Nintendo’s stocks dropped 6.1 percent, its biggest decrease since May 23, to close the day at ¥11,120 ($113.21).

While Nintendo also announced a $50 price cut for the Wii U, it shouldn’t have an effect on the company’s stock in Japan since the company won’t lower the system’s price in Japan.

Source: Bloomberg

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