Nintendo stock recently fell about 9.3 percent over the lower Nintendo Switch console sales target. Read on below for some more insight:
“Nintendo shares dropped more than 9.3 per cent on Friday after the Kyoto-based games company cut its full-year forecast for 20 million shipments of the Switch console — an outlook that analysts had warned was too ambitious.
“The company was unable to prevent the battering of its shares throughout Friday’s trading session with a strategy briefing where the company’s new chief executive, Shuntaro Furukawa, laid out plans for a Nintendo-themed Hollywood movie, theme park rides and a dedicated store in central Tokyo just a few kilometres from the main stadium for the 2020 Tokyo Olympics.”
Source: ResetEra.com
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