Sony and Nintendo shares decline

Posted Jan 4, 2008 at 2:41PM by QJ Staff Listed in: News, Games Tags: Japan, Konami, Sony

Sony, Nintendo shares go down - Image 1

The Tokyo Stock Exchange suffered a 4.5% decline today due to a number of factors. This caused shares of Japanese-based companies Sony and Nintendo to decline. Japanese game developers were affected as well, including Konami.

Some factors that contributed to the decline were a weak dollar and concerns over exports. Both factors affected Sony and Nintendo as it did because a lot of their business concerns activities in the U.S. and so they are easily affected by dollar fluctuations.

Sony's shares dropped 6.6% while Nintendo's shares dropped 4.5%. Konami's shares dropped by 2.7%. It goes to show that no matter how high the industry booms, the fate of video games are still tied with the fate of various other economies.

Via gamesindustry.biz

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Comments [refresh]

by pwandz - 2008-01-04 13:25

� zZZzzzZZz... zZz..

Stock market reports? Honestly!

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by TPot - 2008-01-05 00:52

� Lets put that into perspective for the QJ audience.

Relative to the Tokyo stock market: Sony dropped 2.1%, Nintendo stayed the same and Konami actually improved by 2.8%

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