So hey, what's the most savage headline you've read all day? How about "Nintendo faces end of era after 3DS flop" from the folks over at Reuters?
Reuters wrote that, and I quote, "Nintendo's attempt to rescue its failed 3DS handheld games gadget failed to dispel market gloom," noting a reported 5% drop in the Big N's stocks following their press conference last night. That makes a 50% drop in Nintendo shares this year alone -- an unfortunate slump that doesn't bode well for the game company's multidimensional handheld.
The report notes that analysts and investors are skeptical about Nintendo's "largely irrelevant" game line-up, noting the push other developers and publishers have made to branch out into the mobile gaming space, where players can choose from an abundance of cheap (and free) games on the go.
The report goes on to quote Mitsushige Akino, chief fund manager at Ichiyoshi Investment, who said "I don't think the new games will make any difference," which, wow. I mean, damn, son.
Check out all the sordid details here, and maybe go pick up some Ben & Jerry's and just pig out or something. I mean, geez, it's just been one of those days, right?
This article originally appeared on GamePro.com as Nintendo Stocks Drop 5% After Pre-TGS Presser