Nintendo shares fall 7.5 percent on weak games pipeline
Nintendo shares fell 7.5 percent after a product showcase lacked major franchise titles. Investors are concerned about Switch 2 momentum and price hikes.
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NINTENDO CO LTD shares fell 7.5% on Wednesday after its latest product showcase failed to announce major franchise titles for the year-end shopping season. The stock has dropped approximately 33% year-to-date as investor confidence in the Switch 2 software pipeline wavers. For investors, the absence of a flagship 3D Mario title threatens hardware sales momentum during the critical holiday window.
