Sony and Nintendo Take Stock Hits

All is dour and dark in Japanese trading

Posted by Staff
A Graph showing a bad thing.
A Graph showing a bad thing.
Both Sony and Nintendo have been suffering of late. The latter has even had to cut the price of its apparently game changing 3DS. Investors are not happy.

Reuters reports from Japan that:

"Sony fell 3.3 percent to 1,947 yen after the company cut its annual net profit forecast and slashed its outlook for TV sales, while keeping its operating profit forecast unchanged."

"Nintendo nosedived 12 percent to 12,290 yen after hitting a low of 11,010 yen in the morning. The videogame maker slashed its full-year profit forecast far below market expectations to the lowest level in 27 years after it was forced to cut the price of its 3DS handheld games device to try to jumpstart weak sales, just six months after launching the gadget."

Source: Reuters
Companies:

Comments

Ryan550 31 Jul 2011 15:40
1/1
I was mind blown by Nintendo's confidence by releasing a handheld that was very costly and had absolutely no decent games out for it at launch what-so-ever.

Maybe I am nitpicking here but its the little things that annoy me such as the top screen not even being as big as the DSi XL's top screen and how if you keep it in a protective case that is tight (do not buy the 3DS executive case) it could end up creating smudgy line-marks on the top screen that could end up scratching its way into the screen its'self which could have a very negative impact on the 3D effect..
Yes cleaning the system often is good but it doesn't take a rocket scientist to realise that if the frame around the lower screen was more flat that this would not be a problem.

All in all I wish Nintendo well knowing what they are capable of but its really starting to get annoying how its obvious that the bad battery life and the upper screen being smaller than the DSi XL's is simply because they are going to be "new features" of the next version of the 3DS.

I already have read many topics on many forums that gamers are simply waiting for the "3DS Lite" ... It seems this is slowly becoming Nintendo's reputation for handheld's even more so than ever before (days of the GBA/GBA SP etc) If they are going to pull this s**t with more competition than ever before with the Vita which is damn appealing unlike the PSP and is definitely more of a threat to Nintendo this time around with a much better battery life and not to mention the great price tag it was given then Nintendo may have a serious problem on the horizon.

I mean.. it must be hell trying to get a handheld into the hands of gamers with a very poor games line-up and also when they are convinced a "better version" is just around the corner.

How the public is going to perceive the Vita and the 3DS Lite when they both hit the shelves is going to be very very interesting because unlike the DS.. the 3DS is currently like a magician with 1 trick up his sleeve.. It can only "wow" you once..
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