Nintendo Shares Fall

Nintendo continues to stumble in the eyes of investors. Although investors were initially hopeful regarding Nintendo's pre-TGS press conference, the company's share price fell after its latest round of announcements.

Reuters reports that Nintendo shares have slipped five percent upon Tuesday's press conference which revealed a 3DS analog stick attachment, a pink 3DS, and new games including Mario Tennis for the handheld. According to the news service, Nintendo's shares have fallen 50 percent this year.

Citing the rise of mobile gaming, Mitsushige Akino, chief fund manager at Ichiyoshi Investment, said, "I don't think the new games will make any difference."

Makoto Kikuchi, CEO of Myojo Asset Management, had his own opinion on the matter. "The only possible way for Nintendo to revive would be to stop concentrating on mobile games and switch to Wii-type games for the whole family. However, at the moment, I can't see this change coming."

[via GamesIndustry.biz]