Quantcast
Ex-Nintendo president could lose $300 million due to 3DS - Destructoid

DestructoidJapanatorTomopopFlixist



Ex-Nintendo president could lose $300 million due to 3DS


10:00 AM on 07.29.2011
Ex-Nintendo president could lose $300 million due to 3DS photo



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 Stock Rout Costs Billionaire Yamauchi $300 Million in Single Day [Bloomberg]






Comments not appearing? Anti-virus apps like Avast or some browser extensions can cause this.
Easy fix: Add   [*].disqus.com   to your software's white list. Tada! Happy comments time again.

Did you know? You can now get daily or weekly email notifications when humans reply to your comments.






3DS

12:30 PM on 04.17.2014
Nintendo Download: Super Mario Bros. 3!

This is the week you've all been waiting for, as Super Mario Bros. 3 is hitting the Wii U and 3DS Virtually Consoles -- just in time for the upcoming release of NES Remix 2. The Wii U is also getting Golden Sun, and F-Zero: M...more



11:30 AM on 04.17.2014
Etrian Odyssey Untold Europe demo out now

Etrian Odyssey Untold: The Millennium Girl is a fantastic 3DS RPG that is taking its sweet ass time to get to Europe. But you'll get yours come May 2, friends.  For now, enjoy the demo, which is freshly available on the ...more



7:30 AM on 04.17.2014
See you on the green: Mario Golf: World Tour international tournaments

As someone that spends his life bragging about his superior ability in videogame golf, I'm excited that Mario Golf: World Tour will feature both regional and worldwide tournaments. Nintendo says it's easy to get into: get onl...more



View all 3DS






Back to Top




All content is yours to recycle through our Creative Commons License permitting non-commercial sharing requiring attribution. Our communities are obsessed with videoGames, movies, anime, and toys.

Living the dream since March 16, 2006

Advertising on destructoid is available: Please contact them to learn more