This Week’s 5 Dumbest Stock Moves: Research In Motion Limited (USA) (RIMM), Microsoft Corporation (MSFT) and More

Waiting until later this year risks bumping the game against the historical November Call of Duty releases and the potential debut of next-gen consoles for Xbox and PlayStation gamers.

Oh, and given Take-Two’s history of delays, let’s not write that Sept. 17 release date in permanent marker.

5. Nintendo Co., Ltd (ADR) (OTCBB:NTDOY)n’t
Speaking of video game consoles, Nintendo Co., Ltd (ADR) (OTCBB:NTDOY) is once again disappointing investors.

The Japanese gaming pioneer conceded that it has sold just 3.06 million Wii U units since November’s launch. It will fall well short of the 5.5 million systems that it was expecting to sell in its fiscal year ending in March. Nintendo now believes that it will move just 4 million Wii U systems.

Nintendo is already coming off its first fiscal year loss in three decades, and now it’s lowering its forecast for this fiscal year.

It was probably easy to see the Wii U falling short. I was blinking amber after Nintendo was discussing the initial sales of the system in November. Despite the bar-raising nature of the touchscreen controller as a second screen, the Wii U was released priced too high relative to the competition and lacking flagship titles.

Once again, the gaming industry blows a chance at regaining relevance.

The article This Week’s 5 Dumbest Stock Moves originally appeared on Fool.com and is written by Rick Aristotle Munarriz.

Longtime Fool contributor Rick Aristotle Munarriz has no position in any stocks mentioned. The Motley Fool recommends Nintendo and Take-Two Interactive. The Motley Fool owns shares of Microsoft.

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