Sony and Nintendo shares decline
Japanese-based companies Sony and Nintendo both saw a slump in their shares today because of various economical factors that affected the Tokyo Stock Exchange. It goes to show that no matter how high the industry booms, the fate of video games are still tied with the fate of various other economies. Details in the full article.
The Tokyo Stock Exchange suffered a 4.5% decline today due to a number of factors. This caused shares of Japanese-based companies Sony and Nintendo to decline. Japanese game developers were affected as well, including Konami.
Some factors that contributed to the decline were a weak dollar and concerns over exports. Both factors affected Sony and Nintendo as it did because a lot of their business concerns activities in the U.S. and so they are easily affected by dollar fluctuations.
Sony’s shares dropped 6.6% while Nintendo’s shares dropped 4.5%. Konami’s shares dropped by 2.7%. It goes to show that no matter how high the industry booms, the fate of video games are still tied with the fate of various other economies.
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