Nintendo Mobile Game Delay Triggers $4 Billion Value Drop
- Investors had bet on vow to enter smartphone games this year
- Two-day plunge in share price biggest in more than six years
Workers dressed as Nintendo's Mario and Luigi characters.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Nintendo Co. plunged for a second day in Tokyo trading after the console maker said the planned smartphone games system that had helped its shares jump more than 80 percent would be delayed by at least three months.
The stock finished Friday 7 percent lower, bringing the two-day decline to 15 percent, the most since February 2009. That cut Nintendo’s market value to about $23 billion.