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Nintendo stock drops after Switch unveil event

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

By Anthony Garreffa from Jan 14, 2017 @ 0:41 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-switch-unveil-event_05

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 SOURCES:Bgr.com


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