The company's stock falls by five percent following new game announcements.
Shares of Nintendo stock dropped in value by five percent following Nintendo's 3DS press event yesterday.
Although several new games were announced for the 3DS at the event, including a new installment in the popular Monster Hunter franchise, Japanese investors don't seem convinced that it will be enough for Nintendo to maintain its dominant position in the handheld gaming market, and feel that the significant number of non-gamers that Nintendo was able to attract with the DS are now much likelier to play games on smartphones than on dedicated game systems.
Nintendo's stock price has fallen by almost 50 percent so far this year amid concerns that the 3DS and the upcoming Wii U will be unable to replicate the success of their predecessors.