FILE PHOTO: A person holds a Nintendo Switch 2 game console's box as Nintendo starts selling the new consoles globally, at an electronics store in Tokyo, Japan, June 5, 2025. REUTERS/Issei Kato/File Photo
10 Jun 2026 09:27AM
(Updated: 10 Jun 2026 09:34AM)
TOKYO, June 10 : Nintendo's shares fell 7.5 per cent on Wednesday after the company's Nintendo Direct presentation of forthcoming games lacked titles from top franchises such as "Super Mario".The Kyoto-based company's stock price has been hammered by concerns over a lack of high-profile games to build momentum for the Switch 2 gaming device.The shares are down around a third year-to-date.The lack of a "mainline 3D Mario" for this year's holiday shopping season is "commercially meaningful", Jefferies analyst Atul Goyal wrote in a client note.
The Switch 2 launched last June with titles including "Mario Kart World" and later "Donkey Kong Bananza". "Year 2 now enters the holiday window without a franchise title of comparable pull," Goyal wrote. Last month Nintendo hiked Switch 2 prices as it grapples with a memory chip price boom, which is also seen as a risk to sales momentum due to its price-sensitive consumer base.
