Nintendo and DeNA Stocks Plummet More Than 10% After Investor Briefing, Lose $2.48 Billion in Market Cap

Nintendo just held its latest investor briefing, announcing to the public that its first mobile title will be delayed to March of next year. In response, Nintendo’s stock has plummeted more than 10%, while DeNA stock lost 17% of its value, the most of any Japanese company in the day. Considering Nintendo’s market share (amount of money invested in the company in total) is about 3 trillion yen right now, this is a loss of about 300 billion yen, or $2.48 billion.

Hopefully Nintendo’s stock makes a recovery sooner rather than later.

Eli Pales
Eli buys virtually every Nintendo title that comes out but has expanded his collection to include amiibo. He hasn't taken them out of their boxes, though, so he might be a bit insane. When not playing video games, Eli likes writing about politics and games. He also runs a decent amount. Outside.