The stock for Nintendo dropped more than five percent at the event at which CEO Satoru Iwata showed off the new slider peripheral for the 3DS. Investors and analysts were not impressed with the lineup of games that includes Monster Hunter 4, Tekken 3D Prime and Fire Emblem 3DS.
“I don’t think the new games will make any difference,” said Mitsushige Akino, chief fund manager at Ichiyoshi Investment. “Nintendo succeeded by pulling in people who weren’t gamers and their needs now are no longer being filled by Nintendo, they are happy playing games on their mobile phones.”
“The only possible way for Nintendo to revive would be to stop concentrating on mobile games and switch to Wii-type games for the whole family,” said Makoto Kikuchi, CEO of Myojo Asset Management. “However, at the moment, I can’t see this change coming.”
Source: Reuters
