Nintendo's Stock: Values Keep Rising

[offline]

OTBWY said:

offline said:

Pocket Camp does not have an aggressive monetization model. That was clear from the soft launch in Australia over a month ago. Pocket Camp's performance in the grossing charts is not the main reason for the huge dip in Nintendo's share price.

What is the main reason then?

I'm sure you've heard about the GOP tax bill, which has been dominating headlines for the past few weeks. The decision to lower corporate rates will have a huge impact on certain industries. The result is a rotation from tech stocks to other sectors like financials. The plunge in Nintendo's stock price is not an isolated event. If you take a look at the stock prices of other major game companies like Activsion Blizzard or Take Two, you'll notice a similar drop within the same timespan.