Nintendo’s share value has dropped over 17.4 percent in one week. It is the fallout from a worldwide Stock market Decline that has prompted some media outlets to declare panic and turmoil. The European and North American stock markets seemed to kickstart the decline and Japan’s Nikkei soon suffered from it.
Nintendo receives 75 percent of its revenue from abroad. The strengthening of the Yen against the dollar has only served to exaggerate the problem for companies like Nintendo that rely heavily on exports. The combination of the Market Decline and Nintendo’s reliance on exports provided the means for a double whammy effect that impacted Nintendo’s stocks the day the decline started. On that day, it lost 8.8 percent. It lost another 5.5 percent today for a grand total of 17.4 percent lost in four days.
It is a decline that is out of Nintendo’s control. The hope is for things to stabilize soon.
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Thanks, Nintendo Dark Commander Quadraxis-NX Prime
Filed under: Nintendo Tagged: Nintendo, share value, Tokyo Stock Exchange
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