Three years of financial losses in a row have seen reduced confidence in Nintendo, and now the stock markets are beginning to reflect with poor figures. Its shares have plummeted on the Japanese stock exchange ever since the company readjusted its forecast of the sales figures for the Wii U.
The BBC reports that the company's shares have fallen roughly 18 percent to ¥11,935 ($120). The drop follows the reduction of Wii U sales forecast from 9 million to roughly 2.6 million and the company seeing an annual loss of about $335 million. In spite of the dire financials, President Satoru Iwata remains firm in his position, and he has refused to back out of the console race and send his company into third party purgatory.
At least the bad news can be taken with the fact that Nintendo recently surged 11 percent on the stock market after China finally opened itself to console sales and production. Of course the surge and decline don't necessarily cancel each other out, but there is hope that the Wii U could see a turnaround with a new market involved.
Nintendo will obviously want to put the Wii U out into as many Chinese customers hands as it possibly can at this point.
The Galaxy S20 Ultra's Space Zoom camera is amazing and a bit creepy
The Galaxy S20 Ultra supports up to 100X zoom, which Samsung calls Space Zoom, but is it any good? Can a phone really product usable photos at 100x zoom? We've got our Galaxy S20 Ultra already so join us to find out!
Win an iPhone, iPad and Apple Watch with the Reader's Choice giveaway!
What's the best phone of 2019? Is it the iPhone 11 Pro, Pixel 4 or OnePlus 7T? What about the best laptop, games console, tablet and more? Vote NOW in the Reader's Choice awards and win BIG in time for the holidays!
Here are the best products from IFA 2019!
Here are the products announced at IFA 2019 that were worthy of our Best of IFA 2019 awards. Also featuring MrMobile's single best product at the show!
These are the Star Wars Games you're looking for
Become one with the Force as we give you a list of our favorite Star Wars-themed games.