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Nintendo stock falls 9.3% over lower Switch console sales target


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https://www.ft.com/content/094c2cc8-25e6-11e9-8ce6-5db4543da632

Quote

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.

Wow, this really sucks. Nintendo should have made a more conservative/achievable forecast instead of 20 million. I think they really overestimated what Labo can do.

Edited by Pureis
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The Switch fad is over.

 

Typical of a Nintendo system. All that buzz for a year or two and then it drops off a cliff. Expect the third party games to dry up and wait 6 months for Nintendo to out a game out.

 

They're probably already working on the successor.

Edited by TLHBO
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