Nintendo released their less than stellar fiscal forecast today, with decreasing software sales of the DS and Wii combined with a strong Yen leading to a loss well over $200 million. This made analysts keen to wonder when the 3DS would release and they got an answer... sort of. Nintendo said it would reveal the date and the price for the 3D portable on September 29, 2010.
“Many investors are in a tug-of-war between the outlook for a weak first half and expectations for the new DS model in the second half,” said Mitsushige Akino of Ichiyoshi Investment Management Co.
Source: Bloomberg
