Shares of Nintendo plunge amidst E3 concerns

It was previously reported that Nintendo shared dipped in value following news of its ‘Quality of Life’ project being scrapped. With another dip post E3, new reports have come in claiming that there is a lack of confidence from investors as the Nintendo Switch progresses by its second year of being on sale.

Analysts are getting numerous inquiries from investors who are unable to comprehend why stock is being offloaded in such great volumes. There have been a few theories, including lukewarm sales for the Nintendo Labo and the Nintendo Switch as well as the lack of killer apps for the online service when it goes live in September 2018.

Nintendo fans have much to look forward to on the other hand, with the several announcements that came their way. Hopefully the enthusiasm will translate to sales numbers for the company for the rest of the year.

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