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Nintendo's Share Price Drops After an unfulfilling E3

Author: Stephen M Morin
15-Jun-2018

Category: News

Nintendo had a decent E3 but left a lot of unanswered questions and left some major games, some of which have already been revealed, completely missing from their E3 conference. After seeing their shares surge in response to the Nintendo Switch, Nintendo shares are falling after E3.

Nintendo's Share Price Drops After an unfulfilling E3
It's no surprise that many fans were a bit dissatisfied with the Nintendo E3 conference. games like Metroid Prime 4 and Yoshi were missing, and Fire Emblem: Three Houses will be released in 2019 instead of the original 2018 release date. A lot is riding on Super Smash Bros. and Pokemon, and apparently, shareholders lost some of their faith in Big N.

Nintendo shares have been shuffling around a bit, but after the announcement for Pokemon Let's Go Pikachu/Evee! Nintendo shares took a big jump.

They lost 6.21% in their share value after the conference. Sure, Nintendo has seen sharper drops in the past, but this is certainly a significant drop. It seems shareholders doubt whether or not the software revealed at E3 will keep Nintendo ahead of the competition or whether or not the hardware is still worth investing in (Microsoft did mention plans for a new console during the E3).

On top of that, the Nintendo Labo and online services leave analysts in question of Nintendo's current plans, and at the moment, Nintendo looks to be in store for a predictable second half the year. Let's hope for some more reveals and more information on key games like the new Star Fox and Metroid Prime 4.

Nintendo's Share Price Drops After an unfulfilling E3 where is Metroid Prime 4?



Source:
http://www.nintendolife.com/news/2018/06/nintendos_share_price_plummets_in_response_to_e3_direct
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