Nintendo's Former President Loses a Fortune
Posted by IGN Jul 29 2011 06:24 GMT in Nintendo News
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Nintendo's dismal earnings report yesterday resulted in its stock price taking a sharp drop, falling up to 21 percent according to a recent report by Bloomberg. The company reacted by slashing the price of its 3DS portable to create demand and drastically lowered its forecasted earnings. If those forecasts are accurate, the company will have a net income lower than any it has seen since 1986. If Nintendo's news was grim, it might actually be worse for one man - Hiroshi Yamauchi...

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