Nintendo Shares Hit 7 Month Low
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February 6th, 2008
Despite having two consoles with monumental success, Nintendo is still vulnerable to the market as everyone else. Investors are fearing a recession in the US, which will affect Nintendo just as any other entertainment and consumer electronics company. The Nintendo stock hit a seven month low on the Nikkei yesterday.
Most of the Asian market, especially the Japanese, has been hit hard the first month of 2008, and Nintendo is no exception. The Nintendo stock doubled in value in 2007, but that could all return back to normal in the upcoming months, as sales in the US will drop as the consumers and investors are cautious during these times.
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