In the latest Nintendo news, it appears that yesterday wasn’t the best of times for the video game company.
According to a report on Nintendo Life, the brand’s share prices plummeted 5.27 per cent at the Tokyo Stock Exchange on Wednesday. Now, I don’t know much about stocks and shares but the report on Nintendo Life does feature a rather helpful graph which puts these numbers into perspective. What you will see is a sharp downwards trajectory, along with this tweet from Dr Serkan Toto of Kantan Games Inc.
-5.27%. Nintendo stock again got slaughtered at the Tokyo Stock Exchange today.
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.
— Dr. Serkan Toto (Kantan Games Inc.) (@serkantoto) 4 July 2018
Again, the word “slaughtered” doesn’t inspire an awful lot of confidence. But just how worried should Nintendo be?
The “lack of new information on the game pipeline” is of course a big deal, given that games are kind of the thing that keep people playing on (and purchasing) consoles. And I suppose this would explain the “sluggish” sales of the Nintendo Switch. Moreover, the company has already sold zillions of the things, so could it be that there is something of a Switch saturation going on?
Personally, I’m not too concerned. Nintendo might be keeping schtum on certain things, so a market dip could just be a reaction to uncertainty. And with Pokémon: Let’s Go, Pikachu! and Pokémon: Let’s Go, Eevee! coming out later in the year – along with Super Smash Bros. Ultimate, this latest Nintendo news isn’t going to cause me to lose too much sleep.
It’ll be fiiiiiiiiiiiiine.
Al Survive
I think Sonic the Hedgehog and Tomb Raider are the greatest gaming franchises of all time. I will defend No Man's Sky to anyone. Nintendo Switch noob.
