Nintendo share price recovers after financial forecast revision
Nintendo’s share price has shown signs of recovery after it dramatically fell after the company announced revisions to their financial forecast.
That saw them predict sales of 2.8 million Wii U consoles for the year, reduced from 9 million, whereas the whilst 3DS sales estimations were lowered from 18 million units to 13.5 million.
The response saw their share price fall by 6.2 percent, the largest drop since early September, which resulted in reducing their market value by $1.2 billion.
Thankfully, that’s now showing signs of recovery. Having fallen from $19 to $14.53 per share, their price slowly climbed up to $16.36 at the end of last week. This still remains the highest it has been for months, after their share price soared to a two-year high as China lifted their console ban.