Following the 3DS' less than adequate performance and Nintendo's subsequent profit forecast slash, former Nintendo president Hiroshi Yamauchi could stand to lose over $300 million. Ouch!
As of March 31, Yamauchi owned 10% of the company, equal to 14.17 million shares. According to Bloomberg, the value of those shares plummeted 24.2 billion yen ($312 million) after Nintendo's financial results. The "flop" of the 3DS is being blamed for Nintendo's current situation.
Nintendo slashed the price of the 3DS as a result of its poor performance, which has received mixed opinions, especially from those who bought the system early and feel a bit screwed.
It's pretty bad news all round for the company, but there's a little bit of humor to chew on. When you forget about the consumers in order to release a console two months early just to make shareholders happy, then cost those same shareholders money as a result, one can't help but be amused. I'll take my twenty free games now.
Nintendo is gearing up for the release of the newest iteration in the Animal Crossing series on the 3DS, titled New Leaf. To help get people in the mood, the first commercial spot has appeared, and it's...interesting, to say...more
Nintendo recently had a pretty big reveal for Pokemon X and Y, but ultimately, a few creature showcases in the grand scheme of things isn't a whole lot. In fact, up until now we've just gotten bits and pieces of X and Y at bi...more
Welcome to another edition of Dtoid's Friday Night Fights! So... do any of you Friday Night Fighters have anything positive to say about the Xbox One? Anyone? I'm seriously looking for some glimmer of hope in this bummer of a...more