Saturday, October 31, 2015

N4G: news feed: Bloomberg: Nintendo Mobile Game Delay Triggers $4.5 Billion Drop in Value

N4G: news feed
N4G: news feed 
Bloomberg: Nintendo Mobile Game Delay Triggers $4.5 Billion Drop in Value
Oct 31st 2015, 07:45

Nintendo Co. plunged for a second day in Tokyo trading after the console maker said the planned smartphone games system that had helped its shares jump more than 80 percent would be delayed by at least three months. The stock finished Friday 7 percent lower, bringing the two-day decline to 15 percent, the most since February 2009. That cut Nintendos market value to about $23 billion.

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