In January and February, the world markets have been brutal for investors worldwide: almost every single stock market is down, especially in China and the US.
While the Japanese markets are doing a bit better, it’s not helping Nintendo, since 75% of their revenue comes from overseas. Which means the sliding markets around the world are affecting Nintendo.
And it’s affecting the company quite a bit. Just last week, Nintendo shares dropped 17.4%, it’s now at its lowest since March 2015.
However, it seems that investors are more worried about Nintendo in this market than its rivals. For example, Sony’s stock has been up over the past week (and month), while Nintendo’s has been dropping.
But we’re not too worried about Nintendo — the company still has billions in cash reserves from those successful Wii and DS years in the past.
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