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Sony and Nintendo shares decline

Posted Jan 04, 2008 at 02:08PM by Isaac C. Listed in: News, Games Tags: Japan, Konami, Sony, Nintendo Company Ltd.
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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] Permalink  |   Email this  |   Linking Blogs   |   Digg It!

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