This is a dark time for Nintendo. The popular and industry reception to the announcement of the Wii U at E3 this year was not, shall we say, entirely positive. The sales of Nintendo's new handheld were not, shall we say, stellar, necessitating a price drop the Nintendo 3DS. Nintendo's stock is at a, shall we say, five-year low. All of this adds up to a loss in profits. Nintendo predicts 82 percent lower profits this fiscal year. This is, shall we say, terrible.
Nintendo says the lower profits are due to "stronger-than-expected yen appreciation and sales performance, the decided price reduction of the Nintendo 3DS hardware, and the sales outlook for the holiday season." In other words: People didn't buy the Nintendo 3DS in the numbers we would like.
So put yourself in the head of an investor for a minute. Nintendo's stock is really low right now; the question: Will it fall further, or is this the rock bottom? Do you have faith in the Wii U being a hot-seller when it launches? Do you have faith in that indefinable Nintendo magic to bring the company back to the money-printing juggernaut it was only a couple years ago? Personally, I do. I believe in Mario and company. Leave your opinion in our comment section.