Nintendo Stock Price Drops After The Switch’s Price Reveal

Things aren’t looking up for Nintendo in 2017, or at least they’re not having a very good start of the year. The Nintendo Switch is widely expected to be the company’s “savior” following the flop of the Wii U, but it seems that following the announcement of the console’s pricing and availability, the company’s share prices actually took a hit.

According to the numbers, Nintendo’s share prices fell by 5.81% after the console’s price of $300 was revealed. We’re guessing that investors did not think that the $300 price tag was attractive enough for customers to hop on board and give Nintendo another chance with the Switch, but then again the console has yet to be released, so maybe it’s too early to tell.

So far based on initial feedback of the console, it seems that for the most part they are mixed. There are some who are excited, some who are not, although those who are not don’t seem to be too pleased with the price either. We guess only time will tell how well the console will do when it is released.

The initial batch of games announced for the Switch are pretty interesting as we have the likes of Mario Kart 8, The Legend of Zelda: Breath of the Wild, a new Mario game in the form of Super Mario Odyssey, and Skyrim has also been confirmed for the console, although we don’t know when it will be released.

Tyler Lee
Categories: Gaming
Tags: Nintendo, nintendo switch