Nintendo shares dropped price recently
Recently, Nintendo’s shares dropped by 10% which the company hasn’t seen an impact like this in two years.
Apparently, the drop occurred during the day in Japan resulting in a drop as a low as ¥31,350. Additionally, the share rose above that amount slightly before the day ended.
Not to mention, Nvidia’s shares dropped by 16% after they had to lower sales expectation for the holidays. In fact, Nvidia is responsible for supplying chips for the Switch.
Therefore, investors backing Nintendo have been cautious about the company and their goal of selling 20 million Switch units by the end of the year.
Also, Daiwa Securities dropped their stock target price with Nintendo after an interview recently. Honestly, this appears as bad news for Nintendo as people are losing faith in the company. Yet, this has happened plenty of times for the company.
However, Nintendo shouldn’t ignore these signs and seek a better way to appeal to everyone to secure at least the trust of their investors.
Comment below on what you think of Nintendo’s shares dropping. Also, if you liked this article why not share it on social media. In other news, Sunset Overdrive is coming to Windows 10.