Nintendo stock drops after Switch unveil event

Nintendo Switch event is a success, stock drops after it finishes.

@anthony256
Published Sat, Jan 14 2017 12:41 AM CST   |   Updated Tue, Nov 3 2020 11:57 AM CST

Nintendo hosted their Switch unveiling event nearly 24 hours ago now, with some truly weird happenings - I loved it, weirdness and all - but investors didn't.

Nintendo stock drops after Switch unveil event | TweakTown.com

Nintendo's stock prices on Japan's Tokyo Stock Exchange reflected this, with stock dropping nearly 6%. Nintendo showed off its console in full, with the controllers, a bunch of first-party games like Super Mario Odyssey, as well as revealing that Legend of Zelda: Breath of the Wild will launch alongside the Switch on March 3.

I enjoyed the event, and sure - it could've been better, but what Nintendo unveiled was - to me at least, impressive. Pricing the Nintendo Switch at $299 is going to get a massive chunk of sales, and so is launching the new Zelda game alongside Switch on March 3. System seller, anyone?!

NEWS SOURCE:bgr.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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