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Nintendo shares drop following Wii sales slowdown


Nintendo shares on the Osaka Stock Exchange dropped 6.6% today, closing at 26,180 yen ($265) following the release of the March NPD sales data, which shows a 17% drop in Wii sales compared to March of last year. "The severe sales result in the U.S. prompted disappointment among investors," said Shigeo Kikuchi, an analyst at Takagi Securities. "Nintendo had been perceived as one of the winners."

Never mind that the Wii outsold every other console in March, with the DS in second place -- it failed to beat a past version of itself, and thus is a loser now. The major difference between March 2008 and March 2009 in the US? Last year, Super Smash Bros. Brawl launched in March.


[Via Engadget]

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