Yesterday was the day many Nintendo fans have been eagerly anticipating for months. Over a year and a half after Nintendo first teased that they were working on new hardware, they finally unveiled Nintendo Switch. Fan reaction has been largely positive, but investors don’t appear to be so sure.
Following the announcement, Nintendo’s stock dropped by 6.55%. When Nintendo initially announced that they were planning to reveal a new console, their stock jumped by over 3%, but the reveal itself sent it crashing back down, erasing the initial gain and then some.
Nintendo didn’t reveal any details regarding the console’s price or specs, and they won’t be revealing its games lineup this year. With little to go on, investors aren’t sold on Nintendo Switch.
Source: Google Finance