Nintendo's upcoming 3DS is being eagerly anticipated by fans and critics alike so it makes sense that its official announcement would have a positive effect on the company's stock market value; however what happened was the exact opposite of that.
Following the official announcement, Nintendo's stock fell from 23,010 yen to 20,860 yen on the Osaka Securities Exchange.
While Nintendo never gave out any hints about the 3DS's release date, most analysts expected it to launch in Japan before the holiday season and follow in the U.S. early in 2011. Instead, Nintendo announced that its newest handheld won't launch before February 2011 in Japan and March 2011 in Europe and USA. The company also lowered its sales forecast for the current DS lineup by 22% and Wii by 3%.
"The earnings forecast has been modified to reflect the trend of stronger-than-expected yen appreciation, current sales performance, the sales outlook for the holiday season and the decided release conditions for the Nintendo 3DS," was Nintendo's explanation for the forecast lowering.
