Nintendo shares rise after 3DS price cut

By Rick Marshall August 23, 2011

Nintendo’s decision to cut the price of its 3-D handheld gaming system Nintendo 3DS caused no small amount of discussion late last month, and now that the new price point has been in effect for a few weeks, we’re finally starting to see some results from the company’s bold move.

Shares of the Japanese company’s stock increased by 8.44 percent this morning, with investors showing confidence that the recent 3DS price cut and upcoming slate of titles for the troubled system would fuel recovery.

The price of Nintendo stock currently sits at around 13,100 yen ($171), and though this is a significant increase since the company’s troubles first started making made headlines, it’s still well below the 25,000 yen ($326) mark the stock traded at before the launch of the 3DS in February.

The company previously slashed its profit forecast for the upcoming year to 35 billion yen — a mark that would give Nintendo its lowest profits since 1985. Prior to all of the 3DS issues, the company projected a profit of 175 billion yen for the year.

The rise in stock prices wasn’t the only good news for Nintendo recently, though. As we reported last week, sales of the system in Japan have taken off in the wake of the price cut, returning the system to the top of the charts in that country.

While it’s still a bit early to suggest that the company’s problems are a thing of the past, Nintendo fans and shareholders should certainly be pleased with any indication of a positive trend for the company, given its recent marketplace problems.

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You need to get this oddball Zelda game for free before the 3DS eShop closes

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The day of reckoning is fast approaching: The Nintendo 3DS and Wii U eShop isclosing down on March 27. When that happens, you’ll no longer be able to make any digital purchases on those systems. Considering that several games on each platform only ever got digital releases, it’s creating a bit of a preservation nightmare. Hidden gems that never came to another platform, like Affordable Space Adventures, will be totally lost to time.

But it isn’t just obscure indies that are impacted by that change: One of Nintendo’s biggest franchises is about to lose a piece of its storied history. You’ve only got just over a week to grab a certain Legend of Zelda game before it disappears forever -- though it’s probably not one you’re expecting.

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Grab these Nintendo 3DS games before the eShop closes

wii u 3ds exclusive nintendo games eshop closure ever oasis

While the Nintendo 3DS had a rocky launch, the handheld system recovered gracefully and ended up having one of the best game lineups of any Nintendo system. Many of these 3DS games, like Super Mario 3D Land and Fire Emblem Awakening, were very popular and well-known. Still, the 3DS had a lot of fantastic games that not as many people know about and threaten to be lost to time when the eShop closes down.
The 3DS eShop will shut down soon, preventing people from purchasing new games. As such, we've been reflecting on the system's vast library and all of the fantastic games that 3DS owners will no longer be able to buy digitally. From games that we think will skyrocket even further in price after the store shuts down to some enjoyable hidden gems that didn't get the attention they deserve, you might want to snag these 3DS games before you can't anymore after March 27.
Ever Oasis

Grezzo is one of Nintendo's most underrated developers. It's delivered top-notch The Legend of Zelda remakes like Ocarina of Time, Majora's Mask, and Link's Awakening. So what if I told you that it used that experience to make an original IP for 3DS that's one of the best-looking and expansive games on the system? Ever Oasis, a 2017 3DS game, follows a young kid as they help a water spirit named Esna build an oasis and try to save their brother from Chaos.
The result is a mix of 3D The Legend of Zelda and city management games. Players can venture out into surprisingly large open worlds and dungeons to restock and grow the number of "bloom booths." This mix of open-world exploration, dungeon crawling, and oasis-building will keep players engaged for dozens of hours, and it also stands as one of the deepest and best-looking action-adventure games on the platform.
Ever Oasis didn't get much attention when it launched because the Nintendo Switch had been released a couple of months earlier. Still, it stands as one of the 3DS' best games, so it's a shame that more people don't know about it. It risks being forgotten forever now the 3DS eShop is closing down, so check it out before the closure; it will surpass your expectations.
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Gaming

Nintendo confirms that it won’t be part of E3 2023

Pikmin and Bulborb in Pikmin 4.

Nintendo has confirmed reports that it won't be participating in E3 2023, meaning the gaming trade show will be missing one of its key vendors when it returns in-person this June.
"We approach our involvement in any event on a case-by-case basis and are always considering various ways to engage with our fans," a Nintendo spokesperson said in a statement to The Verge. "Since this year’s E3 show didn’t fit into our plans, we have made the decision to not participate. However, we have been and continue to be a strong supporter of the ESA [Entertainment Software Association] and E3."
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