Nintendo's Share Price Takes A Hit Following Latest Financial Report

Dropped by 7%.

Nintendo's share price has dropped on the Tokyo Stock Exchange following yesterday's Q3 FY2023 Financial Report (via VGC). The company's price dropped by around 7% since yesterday's report, and at the time of writing, it currently sits at ¥5,226, which is down from ¥5,624.

This drop doesn't come as a huge surprise due to the company's slightly disappointing results, where Nintendo revealed that it's cutting sales forecasts after a decline in year-on-year sales in hardware and software. Other than reducing its year-end forecast for Switch sales again, from 19 million to 18 million, Nintendo is still staying quiet about a successor, despite the console about to enter its seventh year on the market.

Read the full article on nintendolife.com