Nintendo stock falls 9.3 percent due to lower Switch console sales target

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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.