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Nintendo plunges 8% after Switch 2 price hike and weak sales forecast
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- Nintendo shares plunged on Monday after the gaming giant warned sales of its flagship Switch 2 console would fall this fiscal year and after hiking the price of the device due to rising memory costs.
- Shares of Nintendo closed 8.4% lower in Tokyo, Japan to 7,020 yen, the lowest since August 2024.
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Nintendo shares plunged on Monday after the gaming giant warned sales of its flagship Switch 2 console would fall this fiscal year and after hiking the price of the device due to rising memory costs.
Shares of Nintendo closed 8.4% lower in Tokyo, Japan to 7,020 yen, the lowest since August 2024. The stock has fallen 34% this year.
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