Nintendo Stock Down By Almost 7% After A Bad E3 Showcase


Nintendo’s E3 2018 was just average with not much to offer and just a few games on the line.

Nintendo fans were pretty disappointed after the company’s E3 2018 showcase. As a result, Nintendo has lost 6.21% in stock. Many analysts are doubting if Nintendo can achieve hardware and software sell in targets for Switch after the 2018 lineup was revealed. A lot riding on Smash and Pokemon this year.

Not just that, Nintendo Switch’s sell-through is lower than expected in H1 2018. Another factor resulting in the loss is Nintendo Labo. Nintendo muted its launch and it isn’t selling Switch hardware.Nintendo Market Summary

Nintendo Switch Online service won’t launch with a killer app, which might be one of the prime reasons as well. And there’s competition from other consoles and mobile gaming.

Smash Ultimate, undoubtedly, is going to be the biggest Smash game ever. Along with it, the two new Pokemon games – Pokemon Let’s Go Pikachu and Pokemon Let’s Go Eevee might be of help for Nintendo to climb the stocks.

What do you think of Nintendo’s poor E3 performance this year? Let us know in the comments below.

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