NTDOY: 3DS is Late, Stock Getting Hammered

September 30, 2010

ANT was disappointed to hear that Nintendo won’t be releasing the new 3DS product until Feb 2011 in Japan and March 2011 in Europe/North America.  Share are getting smashed on this news.  Missing the key holiday/Christmas shopping season is a big mistake for Nintendo.  It gives Apple and even Android more time to gain market and mind share.

Rightfully the stock is getting hammered, closing 2 trading days later at $31.15

See the chart below, it ain’t pretty:

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