Nintendo stocks drops to 7 month low

It’s no secret that Nintendo has been making a lot of money over the last few months. At this point, most people would probably expect that the company’s stocks would be as good as gold. According to Bloomberg Japan, however, this isn’t the case. The video game company’s stock dropped by 5.9 percent and ended at an all time seven-month low. Head on over to the full article for more on this.

Nintendo has been making a lot of money over the last few months. Most would probably expect that the company’s stocks would be skyrocketing at this point. However, this isn’t the case as revealed by Bloomberg Japan.

Nintendo stocks fell by 5.9 percent to Â¥ 45,800 (about US$ 430). This is the lowest the company’s stock has dropped over a span of seven months. Rohm Co., the maker of the parts used in Nintendo’s Wii game controllers, also followed suit dropping by 6.4 percent to Â¥ 7,460 (about US$ 70). This is the company’s lowest close since January last year.

This new trend might spell trouble for Nintendo and all of its affiliates. However, it’s still to early to be certain considering a few other blue chip stocks such as Nissin Food Products and Honda also took a few hits.

Via Bloomberg Japan