Despite a strong rally at E3 2021, Nintendo’s stock price has dropped 6% in the last five days.
Nintendo E3 2021 The live stream gave us our first look at games like this Metroid Dread, Mario Party Superstars and WarioWare: Get It Together! – and even wide-eyed eyes Zelda: Breath of the Wild 2 and Shin Megami Tensei V – but did not reveal it so early Change Pro, which was noise to be shown at E3 this year.
Nintendo shares ended the day up 0.8% at $ 73.23, and the next morning the value of the stock fell around 3% in Tokyo. While it may seem like a disaster, it’s important to remember that Nintendo’s stock value has been high for quite some time thanks to the continued success of the Switch, and, as Forbes emphasizes, immersions of this nature are often followed by a change in the opposite direction as the value stabilizes.
While it’s still very likely that a revised Switch model will come out, it may be that Nintendo wants to save it until Breath of the Wild 2 is available – and while considering the release, it can better handle the continuum chip shortage which currently impacts the consumer technology industry.