Nintendo Stock Continues To Dive Following Low Switch 2 Sales Predictions

On sales numbers alone the Switch 2 looks like a runaway success, but Nintendo isn’t confident that the console can maintain its momentum, especially with a price hike on the way. In its earnings release, Nintendo said that hardware shortages and the strong first-year sales would result in Switch 2 sales declining in its second year–which would be unusual as consoles are generally expected to gain momentum in their second year on the market.

As Nintendo stock continues its downward slide, Sony is up 10% following an earnings release that showed a drop in sales but a rise in profit. While Sony’s hardware sales are also feeling the impact of memory shortages, strong digital sales are carrying the company’s gaming segment.

Continue Reading at GameSpot



Read Full Article At Source