Did not make it Nintendo share my financial report for the last quarter as the company’s shares fell 8.8% – the biggest drop in the past two years.
According to Bloomberg analysts, the situation is due to the fact that the company’s quarterly profit does not meet expectations. In addition, there are concerns that the return of the world to its normal state after the pandemic will affect further consumer demand – it will decline.
Nintendo recalled that semiconductor shortages and logistics problems still affect console production. So, the drop in sales Switch lite can be attributed to the reduction in stocks in Europe and the United States – last year the situation was much better.
Hideka Yasuda, analyst Ace Research Institute, noted that last quarter’s Nintendo games failed to “patch the hole” left by the mega-successful Animal Crossing: New Horizons… The company faces another difficult period ahead, which could turn out to be even worse.
The Japanese giant’s next highly anticipated game is a sequel The Legend of Zelda: Breath of the Wild – will be released no earlier than 2023. Nintendo is currently looking forward to the successful launch of the new Switch model with a large OLED screen, which will launch on October 8th.
Recall that the announcement of the new Switch caused a negative reaction from many investors – after that, the company’s shares also fell by 15%.
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