Nintendo shares go down again as dollar remains unstable

It’s been Nintendo’s problem that’s been persisting since last year: shares going down because of a weak dollar. Recently, Nintendo shares drops yet again, this time by 5.8%. Not a big deal for the creators of the ever popular Wii though. At least, not in the long run. More in the full article.

Since the latter half of last year, Nintendo’s been suffering periodic declines in its market shares because of the current instability of the dollar. This time Nintendo reports that stocks fell yet again, this time by 5.8%.

Nintendo’s stock is heavily rooted to the dollar as most of its business comes from the international market. The effect is that, as the yen gains ground and the dollar loses its own, Nintendo shares go down.

The current decline is attributed to the fallout from the US mortgage market crisis. However, it’s actually a more positive figure from the previous decline of 9.7% last January. That time, even Sony was also affected by the decline.

During the last decline, analysts remarked that they weren’t worried for Nintendo at all. Well, after all, they did report a ginormous 84.7% increase in net sales as compared to last year. It’s doubtful this current decline will affect them in the long run as well.

Via Bloomberg