Nintendo to lose money on every 3DS sold

- every 3DS sold after price drop will be sold at a loss
- Iwata says this is necessary to turn things around
- Securities Japan analyst Masayuki Ohtani expressed surprise at how quick the price cut came
- Ohtani says investors might rush to sell Nintendo stock, although he doesn't believe the stock will drop below 10,000 yen
- stock ended the day at 14,000 yen, up 0.1% from the day prior
- on the 27th, stock temporarily dropped to 13,770 yen, its lowest point since December 2005

Categories: Portables
Tags: 3ds


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