pakistan
Nintendo shares slump as price hikes, games shortfall spook market
Key takeaways
- Add ARY News on Google AAResize TOKYO: Nintendo’s shares fell 7% 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 forecasts, its outlook for this year underwhelmed the market.
- “The year-on-year decline in game shipment guidance risks signaling that Nintendo lacks confidence in its pipeline,” Morningstar analyst Kazunori Ito wrote in a note.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize TOKYO: Nintendo’s shares fell 7% 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 forecasts, its outlook for this year underwhelmed the market.
The Kyoto-based firm extended the life of the original Switch with games from franchises such as “The Legend of Zelda” and, while it has scored hits such as “Pokemon Pokopia”, it is seen as lacking potential blockbusters.
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