Ron Burgundy Posted January 20, 2014 Share Posted January 20, 2014 Shares in Nintendo Co Ltd tumbled by nearly a fifth on Monday after it warned of a third straight year of operating losses, heaping pressure on the creator of "Super Mario" to abandon its policy of not licensing its software to rivals. "We believe Mario on mobile is coming." They raised their price target on Nintendo to 29,000 yen from 26,550 yen, with a 'buy' rating on expectations of a change in strategy. Nintendo has so far refused to allow its games to be played on consoles built by competitors or on tablets or other mobile devices that are increasingly used by gamers. If it were to finish the day at that last traded price, it would mark its worst one-day decline since July 2011, wiping off about $2.3 billion from Nintendo's market capitalization. View the full article Quote Link to comment Share on other sites More sharing options...
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