Nintendo stocks drops 21 percent after price cut on 3DS

It looks like the Nintendo 3DS isn’t the only thing that’s getting a cut, their stocks have dropped a whooping 21 percent since the announcement.

Nintendo stocks had already dropped approximately 10% since the announcement on the Wii U, hitting its lowest point in five years.

Former CEO Hroshi Yamauchi, one of Japans ten richest man has lost an estimated $540 million as a result of the investor panic.

President Saturo Iwata is taking responsibility and will be taking a 50 percent cut. “For cuts in fixed salaries, I’m taking a fifty percent cut, other representative directors are taking a 30 percent cut, and other execs are taking a 20 percent cut.

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