{"id":14024,"date":"2011-09-14T10:25:00","date_gmt":"2011-09-14T08:25:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-29T22:00:00","slug":"nintendo-stock-drops-after-lacklustre-and-largely-irrelevant-tgs-announcements","status":"publish","type":"post","link":"https:\/\/mygaming.co.za\/news\/business\/14024-nintendo-stock-drops-after-lacklustre-and-largely-irrelevant-tgs-announcements","title":{"rendered":"Nintendo stock drops after \u201clacklustre and largely irrelevant&quot; TGS announcements"},"content":{"rendered":"<p>Quite in spite of Nintendo&rsquo;s <a href=\"http:\/\/mygaming.co.za\/news\/news\/14010-Nintendo-plans-revitalise-3DS-line--with-strong-holiday-titles.html\" target=\"_self\" title=\"big announcements yesterday made at the Tokyo Game Show\">big announcements yesterday made in Tokyo<\/a>, the company&rsquo;s stocks have apparently dropped 5 percent since, according to a rather scathing report over on <a href=\"http:\/\/www.reuters.com\/article\/2011\/09\/13\/us-nintendo-idUSTRE78C0PF20110913\" target=\"_blank\" title=\"Reuters\">Reuters<\/a>.<\/p>\n<p>That brings the total drop in shares up to almost 50 percent this year.<\/p>\n<p>The article cites investor concerns of a &ldquo;lacklustre and largely irrelevant&rdquo; lineup for the 3DS, in comparison with the rest of the mobile market.<\/p>\n<p>&#8220;I don&#8217;t think the new games will make any difference,&#8221; says Mitsushige Akino, chief fund manager at Ichiyoshi Investment.<\/p>\n<p>&#8220;Nintendo succeeded by pulling in people who weren&#8217;t gamers and their needs now are no longer being filled by Nintendo, they are happy playing games on their mobile phones.&rdquo;<\/p>\n<p>&#8220;The only possible way for Nintendo to revive would be to stop concentrating on mobile games and switch to Wii-type games for the whole family,&#8221; adds Makoto Kikuchi, CEO of Myojo Asset Management. &#8220;However, at the moment, I can&#8217;t see this change coming.&#8221;<\/p>\n<p>Nintendo has been on the slip &lsquo;n&rsquo; slide since the disastrous 3DS launch in March 2011, and hasn&rsquo;t been winning over anybody with the recent announcement of an analog-pad add-on for the device.<\/p>\n<p><span style=\"font-size: small;\"><a href=\"http:\/\/mygaming.co.za\/forum\/showthread.php\/17654-Nintendo-stock-dips-5-after-&ldquo;lacklustre-and-largely-irrelevant-quot-TGS-announcements\" target=\"_self\" title=\"Nintendo stock drops after &ldquo;lacklustre and largely irrelevant\"><strong>Nintendo stock drops after &ldquo;lacklustre and largely irrelevant&#8221; TGS announcements<\/strong><\/a> &lt;&lt; Comments and views<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cTotally lame,\u201d says hypothetical investor<\/p>\n","protected":false},"author":157,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_enabled":true,"_sma_x_custom_text":"","_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-14024","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/14024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/157"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=14024"}],"version-history":[{"count":0,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/14024\/revisions"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=14024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=14024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=14024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}