Nintendo released their less than stellar fiscal forecast today, with decreasing software sales of the DS and Wii combined with a strong Yen leading to a loss well over $200 million. This made analysts keen to wonder when the 3DS would release and they got an answer . . . sort of. Nintendo said it would reveal the date and the price for the 3D portable on September 29, 2010.
Many investors are in a tug-of-war between the outlook for a weak first half and expectations for the new DS model in the second half, said Mitsushige Akino of Ichiyoshi Investment Management Co.
Source: Bloomberg
