Nintendo's stock plunges in the face of slower Switch sales

Nintendo's E3 presentation this year wasn't especially successful, with many people pointing out that the company relied excessively on the upcoming Super Smash Bros. Ultimate and Pokémon Let's Go games, leaving the rest of the year relatively empty in terms of major new titles.

Despite Nintendo's Reggie Fils-Aime reaffirming his belief in the lineup for the rest of 2018, and former president Kimishima saying that there are still more games planned for this year, shareholders haven't eased their concerns, and Nintendo's stock value dropped by a significant 5.27% today. The Nikkei - a stock market index for the Tokyo Stock Exchange - points to slower than expected Switch sales and the lack of information on upcoming games as the main reasons for the bad news.

Games in the Super Smash Bros. and Pokémon franchises tend to be big hits for the Japanese company, and it's likely that these temporary setbacks delivered to its stock will be overturned by the launch of the new titles in those franchises later this year, but perhaps it should have used a more of its time at E3 to showcase more upcoming games.

Nonetheless, Nintendo Direct events happen somewhat regularly and we could see more announcements and details in the coming weeks and months, which could help ease the worries of shareholders and traders.

Source: Twitter via Nintendo Life

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