Dear Reader:
You are viewing
a story from GN Version 5.0.
Time may not have been kind to formatting, integrity of links, images, information, etc.
Nintendo stock continues to drop, Nikkei says slow Switch sales and little info on upcoming games are to blame
-5.27%. Nintendo stock again got slaughtered at the Tokyo Stock Exchange today.
— Dr. Serkan Toto (Kantan Games Inc.) (@serkantoto) July 4, 2018
The Nikkei thinks it's because of a lack of new information on the game pipeline and sluggish sales of the Switch, causing foreign shareholders to get rid of the stock.
It's not hard to believe that Switch sales are going to be down for the first three months of the new fiscal year, as Nintendo hasn't released too many heavy-hitters. Are sales so low that there should be cause for concern? When it comes to investors, all it takes is a little bit of spooking to make big waves, which is why stock continues to drop. On top of that, Nikkei believes Nintendo's drip-feed of info on upcoming Switch titles isn't helping either.