- Nintendo recently held its Direct showcase, which was a pretty lacklustre event.
- This left the fans and investors disappointed, leading to a 7% drop in stocks.
- The company previously promised a solid lineup following the Switch 2 price hike.
Nintendo capped off a week full of great showcases, including announcements from Xbox, PlayStation, and other major studios. While they did announce Zelda: Ocarina of Time Remake, the overall Direct will mostly be quite lacklustre.
Today, Nintendo’s stocks saw a 7% drop following the Direct, as investors were left unimpressed with the showcase. Zelda was a welcome announcement, but there weren’t any other prominent titles to look forward to for the fans.
Why it matters: Following the Switch 2’s price hike, the company promised a solid lineup of titles to compensate the fans; however, based on yesterday’s showcase, they don’t seem to have much going on in the near future.
This is the second time Nintendo’s stocks have slumped in the last couple of months. They first dropped 12% when Switch 2’s price was hiked, and now 7% after the less-than-ideal Direct showcase, disappointing investors.
This is a rare case scenario for the company, as it usually delivers brilliant games, frequently presenting users with a solid reason to buy its hardware. But this year, the games, especially the first-party lineup, are weak.
That isn’t to say that the Switch 2 doesn’t have any games at all. We are getting a bunch of games on the platform, previously released on PC and consoles. Then there are newer titles like 007 First Light, Pragmata, and more.
What are your thoughts on the latest Nintendo Direct and the company’s stocks falling by 7%? Let us know your opinions in the comments or join the discussion at the official Tech4Gamers Forum.
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News Reporter
Abdullah is an avid gamer who primarily plays single-player titles. If you can’t find him anywhere, he’ll probably be at his desk playing The Witcher 3 for the millionth time. When he isn’t playing games, he’s either reading or writing about them.
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