Nintendo shares plunge after forecast, price cut
Thursday, July 28th, 2011
AP – Shares of Nintendo Co. shed a fifth of their value Friday after the Japanese video game giant posted a deep loss in the latest quarter, cut its full-year forecasts and slashed prices on its new 3DS handheld device.
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Reuters – Japan’s Nintendo Co Ltd on Tuesday took the wraps off a new version of its DS handheld device that can play games and show movies in 3D without glasses, as the hardware wars with Microsoft Corp and Sony Corp heat up.