Go To Top

Nintendo Stock Surged Temporarily on False 3DS Release Info

Or maybe investors really were excited about the Super Mario Bros. anniversary DSi LL.

 

Check out Nintendo's stock price fluctuations yesterday:

The bottom axis shows the time. The right axis shows the stock price.

Notice how the stock falls off a cliff at just before 15:00? This drop came following CEO Satoru Iwata's announcement at the Nintendo Conference 2010 press briefing of the 3DS's February release and ¥25,000 price point.

More mysterious is that sudden spike at the 14:30 mark. We'll let Bloomberg explain this one. Apparently, there was some misinformation amongst investors that Iwata had announced an October 28 release date and ¥18,000 price point for the 3DS. This sent the stock skyrocketing temporarily until Iwata made the real announcement.

That October 28 date and ¥18,000 price should sound familiar. That's the release information for the Super Mario Bros anniversary DSi LL system.

At the end of a busy day of activity, Nintendo's stock price recorded a total ¥890, or 3.7 percent, drop from the previous day to ¥23,010.

[Seen at My Game Flash]

Loading comments. If comments don't load, make sure Javascript is on in your browser.

Icons by Glyphicons. Used under CC-BY license.