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News   Nintendo, Sega & Capcom Continue to Fall
- Posted By Francis Bonnet, 11.12.2002

Bloomberg reports that Sega stocks have continued to decline for the third straight day in Japan ever since Sega cut its profit forecast for the year ending March. Sega may have jumped the gun when they announced that they planned to become the largest 3rd party publisher in the world. Looks like that's still going to take some time, especially since Sega's NFL 2K3 sold only a fraction of EA's new Madden, which Sega is directly competing against. Sega's stocks fell 62 yen, or 6.1 percent, to 950, which is the lowest they've been since December 2000.

Shares in our beloved Nintendo declined 6.6 percent to 10,550 after falling as much as 7.1 percent to 10,500 yen. Capcom (makers of my favorite series, Mega Man) was down 6.2 percent to 1,839 after a drop of as much as 7.2 percent.

This isn't exactly great news for Nintendo fans (as well as Capcom and Sega fans), but thankfully my recent story, "Is Gamecube Nintendo's Last Console" was shot down by Nintendo as they officially denied rumors of them going 3rd party. So although things aren't all bright and happy in Nintendo land, they've still got a few more 1-up mushrooms in the bank. Here's hoping they pull through...

Source: Nintendophiles