Nintendo sent the industry scrambling

Nintendo sent the industry scrambling this morning with the one-two combination of a dreary earnings Runescape Gold report and surprising price cut for the 3DS. Reporting on its April-June quarter, Nintendo said revenues slipped 50 percent over last year, leading to a ￥25.5 billion ($328 million) loss. That weakness was due in part to anemic 3DS sales of just 710,000 units during the quarter.
Third parties stand to gain from the 3DS hardware price cut, says Divnich.

Speaking to GameSpot, EEDAR VP of capital research & communications Jesse Divnich said that while the 3DS's new $170 price point was a severe move, the industry should hold its judgment on Nintendo until after the all-important holiday quarter.