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Nintendo Shares Tumble 8% Amid Switch 2 Price Rise and Gloomy Sales Projections
1 day ago /
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Author：小编
On May 11, shares of Nintendo took a significant hit, plunging by 8.44% to close at 7,020 yen. This marked a fresh low for the company's stock since August 2024, bringing the year-to-date cumulative decline to a substantial 33.74%. Citing escalating memory costs, Nintendo revealed plans to hike the price of its upcoming Switch 2 console. Furthermore, the company issued a cautionary note, forecasting a 16.9% year-on-year decrease in sales for the current fiscal year, with expectations of selling only 16.5 million units. This has prompted significant downward revisions in both revenue and net profit projections.
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