Nintendo Stock Price Drops After Latest Switch News
Not everyone is enthusiastic about all the news, however, it seems. Nintendo's stock price is down 5.75 percent today on the Tokyo Stock Exchange. It closed at ¥23,750 today in Japan, the lowest since December 22 (¥23,595). Nintendo's share price took a more dramatic dive after the initial Switch reveal in October 2016; share value also dropped following the launch of Super Mario Run.
The latest drop in share price could be attributed to a number of things. Dr. Serkan Toto, an analyst in Asia, said after the initial Switch reveal that he was skeptical about its ability to reach a wide audience.
"Sorry, but is a portable/home console approach really that innovative in 2016? I am most concerned about the target group of the device: who else but die-hard Nintendo fans will buy the Switch?" he said at the time.
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http://www.gamespot.com/articles/nintendo-stock-price-drops-after-latest-switch-new/1100-6446912/
