Nintendo's stock is paying the price as investors fret over weaker Switch 2 sales in the US [Business Insider]
NINTENDO CO LTD UNSP/ADR (NTDOY)
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Source: Business Insider
Have an account? Log in Nintendo shares fell after a report said the company is slashing production of its Switch 2 console. Nintendo President Shuntaro Furukawa said recently that overseas hardware sales were weaker than expected. The stock's decline nearly erased a surprise rally from Nintendo's "Pokémon Pokopia" hit. AI-generated summary Summaries are generated by an AI model trained on Business Insider's articles. AI may make mistakes or provide inaccurate/incomplete information. We're unable to load that answer right now. Please try again. What impact does "Pokémon Pokopia" have? How does stock fluctuation affect Nintendo? How does Nintendo handle production reports? Why did Nintendo cut Switch 2 production? What drives console sales trends? The move Nintendo shares slid on Tuesday on worries about Switch 2 sales, nearly erasing recent gains. The company's stock fell 5% in Tokyo trading, while its US-listed ADRs were down more than 6% in afternoon trading
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News
- Nintendo Dropped a Switch 2 Update With a New Mode You'll Want to Turn On Immediately [CNET News]CNET News
- Nintendo reportedly cuts back on Switch 2 production due to weak sales in the U.S. [Yahoo! Finance]Yahoo! Finance
- This Upcoming Game Shows How Nintendo Switch 2 Game Cards Should Be [Forbes]Forbes
- Nintendo's stock is paying the price as investors fret over weaker Switch 2 sales in the US [Yahoo! Finance]Yahoo! Finance
- Nintendo Switch 2 Production Cut 33% Following Weak Holiday Sales, Report Claims [Yahoo! Finance]Yahoo! Finance