Nintendo Shares Drop Further Ahead Of Nintendo’s Financial Meeting After Predicted Loss
That’s what happens when you don’t release (m)any games…
Nintendo’s financial meeting for the previous quarter is slated to be held later this week, but it seems like Nintendo may be preparing to announce a quarterly loss. A report by Nikkei (via Bloomberg) states that Nintendo may be preparing to announce a loss of ¥5 billion, which is $48 million- a small loss, but a loss nonetheless.
The loss here probably owes itself to there not being any major Nintendo release last quarter (last year saw the launch of Splatoon, while the year before saw Mario Kart 8), as well as existing Nintendo products tapering off with their commercial performance- Mario Kart, Pokemon, and Smash can only do so well for so long. Meanwhile, new Nintendo games like Star Fox and Metroid Prime Federation Force were unmitigated disasters, so they can’t have helped the company’s bottom line at all.
While sales for Nintendo systems are unlikely to get any better any time soon, owing to the announcement of the Switch, and potential buyers waiting for that, they should still see some relief next quarter, thanks to the release of Pokemon Sun/Moon, which is likely to be one of the biggest games of this year.