Is this really that bad ?
I think they were expecting more, maybe twice more, but as an old industrial quoter engineer who already had experience with quoting cardboards, these sales has probably been a huge easy money for Nintendo. If one of these cardboard has an industrial price of 1€ - 1€50, multiplied by 6, + an average quality software which was not very expensive to create I believe, I think they make nasty margin in selling these 69 and 79€.
I have read some financial experts who believe that Labo was the reason of the share price decline :
Current PB on Secret of Mana remake : 2h27 (2nd)
Strongest worldwide achievement on TGM : 1st European S13 rank
Fastest TI MASTER in Europe : rank Master V in 5min10
Current PB on Power Ranger (Game Gear) : 10min06 (World Record)
Non-geek activity : ThermalHungary
LET'S FACE THIS FACT : The Switch is the last physical video game system of the history who has a chance to beat PS2's sales.