Nintendo Shares Slump as Price Hikes, Games Shortfall Spook Market
The company raised Switch 2 prices and gave a weaker outlook as investors worried about limited blockbuster games and a 7% share drop in Tokyo.
10 Articles
10 Articles
Nintendo shares fell 7% in Tokyo trading on Monday after the company raised prices for its new Switch 2 console and investors expressed concerns about a lack of big games that could boost sales. Although the company reported strong hardware sales for the fiscal year ended in March, its guidance for this year disappointed the market. Analysts say Nintendo is relying heavily on popular franchises such as The Legend of Zelda and Pokémon, but is cur…
Channel News Asia
Indian ExpressNintendo shares slump as price hikes, games shortfall spook market
TOKYO, May 11 : Nintendo's shares fell 7 per cent in Tokyo on Monday after the company hiked Switch 2 prices and as the market frets over a lack of high-profile games to build momentum.Nintendo posted robust hardware sales for the financial year ended March but, while the company is known for its conservative
Nintendo shares plunge 10% after earnings warning (Symbolic Image - AI Generated) AI Generated Stock Image Nintendo shares plunged nearly 10% in Tokyo on Monday after the company issued a profit warning and announced a price increase for its Switch console. The stock hit 6,908 yen in early trading, a decline of 9.9%. The combination of a gloomy financial outlook and rising prices has severely impacted investor confidence. The Japanese video game…
Several months ago, we reported on the price increases for Sony's PS5, PS5 Pro, and PlayStation Portal, which saw customers pay up to 25 percent more. Now Nintendo is following suit, as the Japanese company has announced price hikes for its current console, the Nintendo Switch 2. Nintendo cites […] as the reason.
Nintendo Shares Fall 12% Following Switch 2 Price Increase and Lower Hardware Forecast
Nintendo shares reportedly fell around 12% following the company’s recent Switch 2 price increase announcement and its updated hardware sales forecast for the next fiscal year. Industry analyst Daniel Ahmad commented on the situation on X, suggesting investor concerns were tied to several factors surrounding Nintendo’s latest financial outlook. “Price increase, lower hardware sales forecast, and lack of visibility on software pipeline have inves…
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