Nintendo Didn’t Impress Investors With Switch Announcement

Stock prices have nose dived.

Posted By | On 17th, Jan. 2017 Under News


While there were plenty of people who were quite excited about the Nintendo Switch reveal, it appears the company’s investors are not among those all that excited. There are a couple of reasons why investors may not be all that convinced the newest business approach is one that will spell success.

On Friday, the company’s shares fell about 5.8 percent. On Monday, the company saw yet another drop of about two percent. All of this appears to be despite the fact that preorders have been very healthy.

It appears that in order to get investors back on board, the company is going to have to sell about two million units. Analyst Hideki Yasuda laid out what the company needs to do. “The pricing and game titles were as expected; the stock was bought up on hopes and sold on the fact,” said Ace Research Institute analyst Hideki Yasuda. “The first two weeks of sales will be critical for Nintendo, and they will have to sell the 2 million units they forecast for the quarter. The Switch’s success will be determined at the start.”

Thanks, Nintendolife.


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  • Nintendo Fan 4 Lif3

    “The Switch’s success will be determined at the start.”

    You don’t say; everyone knew this the moment Nintendo announced the Switch was even a thing, hate when analysts like this always have to play captain obvious because they haven nothing more intelligent to say til they have to fork cannon fodder out their hides and presume intelligence by following trend of whatever people are saying online as basis for their predictions. Looking at you Michael Pachter.

  • je

    That was a pretty bad presentation. I don’t know i the japanese people like that kind of thing but to me that was a train wreck. I might consider buying a switch in a year after its been on the market for awhile. Honestly I think the will have a more powerful and updated version like the ps4 pro and xbox scorpio. I think this version, they already made it and had orders in so they couldn’t change its shortcomings.


 

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