18 per cent was wiped off the value of Nintendo o the Tokyo Stock Exchange following last week’s turbulence.
The company’s share price opened at ¥12,180 this morning having closed at ¥14,645 on Friday. Nintendo’s price is down 25 per cent compared to the ¥16,130 it was trading at on January 10th.
Cast your eye further back and things are even grimmer, however. Compared to Nintendo’s peak value of ¥70,500 in November 2007, Nintendo has since lost a colossal 83 per cent of its value.
There has been a slight recovery today, with the share price climbing from ¥12,180 to ¥13,745.
The recent turbulence began when Nintendo president Saturo Iwata on Friday admitted that the platform holder would not hit its 9m annual Wii U unit sales target, revising the forecast to just 2.8m units.
Its 3DS sales forecasts were also decreased.