Nintendo stock declined by 10% amid concerns about future demand for its new Switch 2 console. Although the company reported strong sales of its games during the year end holiday season, investors were disappointed that the company had not increased its earnings or hardware forecasts and were concerned about the lack of major games available for its new Switch 2 console. There are also concerns over rising memory chip prices, which could affect its profitability in the future, although the impact is seen as limited at present.
Nintendo Shares Slide 10% as Momentum Fears Grow
