Nintendo stock fell 9.3% due to reduced target

Nintendo stock fell 9.3% due to reduced target

Nintendo announced during their financial results that they had decided to lower their sales estimates for the Nintendo Switch.

Goals and reality

They had originally targeted to shift a lofty 20 million Switch units but they have reduced that to 17 million. That hasn’t gone down well on the stock markets as the Kyoto-based company’s stock has fallen 9.3% due to the revised forecast.

No doubt it will be go back up fairly soon as even though they reduced the target the Nintendo Switch is doing insanely well when it comes to both hard and software.

Also there are rumors rumbling about other SKU versions of the Nintendo Switch … but I guess for now we will have to wait and see.