Dr. Serkan Toto has tweeted that Nintendo stock is dramatically down 5.27% which is slightly concerning. Japanese publication The Nikkei believes this is down to a lack of new Nintendo Switch information on upcoming plans and games. The news publication also says sluggish sales are likely to blame. As we know from the charts, Japanese software and hardware sales are nowhere near what they used to be as more and more consumers play games on smartphones and tablets. The Switch has been performing well in the west but it is struggling against Sony’s PlayStation 4 which has become the dominant console this generation.
-5.27%. Nintendo stock again got slaughtered at the Tokyo Stock Exchange today.
The Nikkei thinks it's because of a lack of new information on the game pipeline and sluggish sales of the Switch, causing foreign shareholders to get rid of the stock.
— Dr. Serkan Toto / Kantan Games Inc. (@serkantoto) July 4, 2018