Nintendo’s Share Prices Fall 4.3% After Investors Briefing

My Nintendo News

Nintendo’s share prices have taken a slight dip after various announcements from their corporate briefing this morning. The company’s shares have fallen to 12,325 yen – making a 4.3 per cent dip at the Tokyo Stock Exchange.

Though it’s not a massive slump in Nintendo’s stock, it’s clear that investors felt today’s announcements – a new business plan encouraging a healthy lifestyle through entertainment, as well as a focus on creating greater ties with consumers through smartphone devices – were less than impressive.

Yesterday, Nintendo announced that it was set to acquire up to 10 million of its own shares as part of the company’s Q3 financial results. As such, falling share prices could prove beneficial to Nintendo in the next couple of months. Tokyo-based fund manager at Mizuho Asset Management Co., Takashi Aoki, commented on today’s outcome:

“I don’t see any path to an earnings recovery in the short term. The business…

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