Nintendo Stocks Drop After Wii Sales Slip

After the announcement that Nintendo Wii sales had dipped by 17%, Nintendo's stock followed in suit, falling 6.6% before the Osaka Market closed today. This is what, in the market, is referred to as "freaking the hell out because of nothing," if my memory of Trading Spaces serves me right. It also might be related to either a Bull or a Bear, but I don't really know.
Reggie was quick to respond to the news, stating that “Our launch schedules are more spread out so we’re going to have these tough comparisons month to month. But if you look at the overall trend of our business, it continues to be very healthy.”
Nintendo didn't have a huge month, but selling over 600,000 copies is nothing to be worried about. The fact that their momentum has continued despite having very few releases is astonishing, and a slow month isn't as bad of a sign as their stockholders seem to believe. Once a new Zelda, Mario, or peripheral is released the sales will once again spike and their stock will shoot through the roof. Even so, it's worth keeping an eye on this, so be sure to check back.
[Source]
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