KBC Securities Japan has lowered Nintendo's stock investment rating from "buy" to "hold", and cut its price target by 30 per cent to JPY 57,500 (EUR 371.2 / USD 575.5) amid fears that demand for the Wii and DS consoles is slowing.
Nintendo has announced that Super Smash Bros. Brawl for the Wii has sold more than 1.4 million copies in the US in just one week - making it the fastest-selling game in Nintendo's history
The Nintendo Wii was back on top of the Japanese hardware chart last week as sales of the PlayStation Portable fell back to normal levels after a short burst due to the release of the mint green edition in the territory.
Nintendo Japan has unveiled the launch line-up for its WiiWare download service in the territory, with the news that Final Fantasy Crystal Chronicles: My Life as King, Dr Mario & Saikin Bokumetsu and Pokemon Ranch will all be available on launch day.