Why Nintendo Stock Fell Today
(OTC: NTDOY) stock lost ground in Wednesday's trading. The Japanese gaming giant's share price closed out the daily session down 3.6%.
The Financial Times published an article today stating that Nintendo and Sony were heading into the crucial holiday sales season without any new offerings that were likely to move the needle in a positive direction. Nintendo's Switch console is now roughly six years old, and the company's holiday game lineup looks relatively weak compared to recent years.
While tastes in gaming and other entertainment mediums are highly subjective, FT is likely right that Nintendo's holiday season looks relatively weak from a commercial perspective. While the company recently released Mario Luigi: Brothership, the game is part of a less popular spinoff series within the broader franchise. It's unlikely to see sales performance in line with top Mario releases and spinoffs, and it's Nintendo's only major first-party release in the holiday window.
Source Fool.com
