Nintendo Shares Tumble on Weak Switch 2 Hardware, Software Forecast
Bloomberg.com • • general
Key Points:
- Nintendo Co. shares dropped 10% in Tokyo, marking the biggest decline in three months and reaching their lowest level since August 2024.
- The company forecasted declines in both hardware and software sales for the fiscal year, projecting 16.5 million units sold of its Switch 2 console and 60 million software copies.
- Nintendo cited rising memory chip costs as a factor negatively impacting profit margins.
- The downbeat sales projection contrasts with previous momentum seen in the original Switch console.