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Edition: U.S. Article Comments (0) Slideshow Video Email Print Reprints Read Factbox: Islamist militant attacks in Europe 29 Sep 2010 Yuan slips; China signals displeasure over US bill 29 Sep 2010 China says U.S. yuan bill violates WTO | 3:07am EDT About 1 in 4 Q2 home sales a foreclosure: report 12:13am EDT Gym culture not working out for the French 28 Sep 2010 Shared McDonald's may drop health insurance: report 29 Sep 2010 Doping-Cyclist Contador suspended for "adverse finding" 29 Sep 2010 Buffett and Jay-Z trade tips in Forbes interview 22 Sep 2010 U.S. systemic risk council set to meet Oct. 1 15 Sep 2010 Factbox: Islamist militant attacks in Europe 29 Sep 2010 Watched Red faces over top model gaff Tue, Sep 28 2010 Mexican mayor stoned to death Tue, Sep 28 2010 Glowing new fluorescent angelfish Sun, Sep 26 2010 Report Title Price ValuEngine Industry Report for HOME FURNISHINGS Provider: ValuEngine, Inc. $49.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Nintendo 3DS delay casts gloom over games giant Tweet This Share on LinkedIn Share on Facebook Related News Nikkei set for biggest monthly gain in 6 months Wed, Sep 29 2010 UPDATE 3-Nintendo 3DS launch to miss holiday shopping season Wed, Sep 29 2010 Nikkei up on window dressing, yen clouds outlook Wed, Sep 29 2010 Nintendo cuts DS, Wii sales targets for 2010/11 Wed, Sep 29 2010 Nikkei up on window dressing, yen clouds outlook Wed, Sep 29 2010 Related Topics Technology » Hot Stocks » Asian Markets » Media » Stocks Related Video Nintendo shrs dive on 3DS sales plan 1:16am EDT 1 / 3 A model poses with Nintendo Co Ltd's new 3DS handheld game console in Chiba, east of Tokyo September 29, 2010. Credit: Reuters/Toru Hanai By Isabel Reynolds TOKYO | Thu Sep 30, 2010 3:05am EDT TOKYO (Reuters) - Nintendo's struggle to bring its hotly anticipated 3D-capable player to the market has sparked concerns over the outlook for the company, with sales of its existing products sliding in key U.S. and European markets. Nintendo shares fell more than 9 percent on Thursday after the video game maker slashed its profit forecast for the year and said its new 3D-capable handheld player would miss the crucial year-end shopping season. "We had been expecting a November launch for Japan, so the news was a disappointment," said Singapore-based analyst Atul Goyal of CLSA. "With a delayed product launch, the stock should be in a twilight zone, where it may not do much for the next five-to-six months." Many analysts had factored in a 2011 launch for the United States, but were taken aback by the late Japan sales date, set for late February. Nintendo blamed the strong yen and lack of hit software for its existing handheld DS and Wii home game consoles, as well as the late launch of the new product, for a downward revision to its profit forecasts. The new Nintendo 3DS, boasting a display that can be used without special glasses, set gamers abuzz at the E3 gameshow earlier in the year and was seen as key to reviving the company's sagging sales. Nintendo shares were down 9.3 percent at 20,870 yen at 1:03 a.m. ET, heading for their biggest one-day drop in nearly 20 months. Volume spiked to 2.7 million shares, already 4 times the daily average over the past three months. The stock fell as low as 20,770 yen, a level last seen in December 2009. The launch delay will put the pre-holiday spotlight on rivals Sony Corp and Microsoft Corp, whose new motion-controlled gaming accessories will be in stores in time for the peak shopping season in all major markets. Based on Thomson Reuters StarMine's Analysts Revision Model, a measure of change in analyst sentiment, Nintendo ranks in the bottom percentile, placing it below Sony and Microsoft. RED FLAGS Nintendo will not launch the new version of its DS until February 26 in Japan and March in the United States, by far the biggest market for the game machine maker. Nintendo President Satoru Iwata blamed the delay on inability to meet anticipated demand within the year. "They are struggling with product transitions," said Jay Defibaugh, a game sector analyst at MF Global in Tokyo. "Those are struggles that will be ongoing for the next couple years for their Wii and 3DS, and I think that raises red flags among investors for the company's fundamentals over the medium term." 1 2 Next Technology Hot Stocks Asian Markets Media Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. 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