Nintendo shares drop after Direct due to lack of 3D Mario
Nintendo's share price dropped by 7.5% following its latest Nintendo Direct presentation, primarily due to the absence of a new mainline 3D Mario game for the upcoming holiday season on the Switch 2. Investors are concerned about the console's Christmas line-up, especially after a significant price hike announcement in May. The company's stock has fallen by about a third this year, with analysts noting the lack of a major franchise title comparable to those released in the first year of the original Switch.
- Entities
- Person: Atul Goyal
- Topic: Stock Market
- Game: The Legend of Zelda: Tears of the Kingdom
- Topic: Video Game Industry
- Game: The Legend of Zelda: Ocarina of Time
- Platform: Switch 2
- Company: Nintendo
- Game: Super Mario Odyssey
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