Stockholders not pleased with DSi

[Shrygue]

via Computer and Video Games


By the looks of it Nintendo stockholders weren't too impressed by Nintendo's redesigned Nintendo DS, as shares in the Japanese giant dropped 3.7 percent following the DSi announcement yesterday.

"Nintendo's announcement on the DS didn't exceed investors' expectations," Yoku Ihara, head of equity research at Retela Crea Securities Co. told Bloomberg. "The stock market was so bearish that the news didn't help the shares gain."

Overall Nintendo's stock has dropped a huge 41 percent in 2008 - and Sony dropped an even more massive 51 percent - as that damn dirty credit crunch scares off everyone's confidence in money being spent on consumer electronics. That's what the London Paper told us, anyway.

The new DS features wider screens, a built-in camera and MP3 support plus an SD Card slot for downloading games... apparently not enough to impress the men in black.

To be fair, unless it unveiled a time-bending box that went back to 2006 and moved all our mortgages out of Northern Rock, stockholders would've thrown a wobbly whatever it showed.

The only thing we're not impressed about is the removal of the sexy DS logo from the top of the console. Why Nintendo? Why?

[royvedas]

Were you impressed with the removal of the GBA slot?

[basilb]

I'll personally call Bullsh!t on this story, and say that the share price drop had little to with the DSiware announcement, and everything to do with the turmoil in the financial markets.