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Wall Street Believes Switch Sales Will Be Slowing

July 29, 2018
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It really goes without saying that Nintendo has had a phenomenal launch and has sold quite tremendously over the past year.  Reports are now coming out of Wall Street that sales could be slowing down for everyone’s little console that could.

As of writing, Atul Goyal, a Jefferies Analyst, has cut his 2018 forecast 10% going from  ¥71,200 ($640.45) down to ¥64,200 ($577.48).  It doesn’t help that Nintendo’s stock as plummeted 12% this year although it has shown signs of recovering.

Goyal did show signs of optimism, however, by saying:

Given the sustained selling pressure, perhaps the short-term market is right about Nintendo (for a change) and perhaps it doesn’t grow in hardware sales.

What are your thoughts on this news?  10% seems only minimal.  There haven’t been that many high-profile titles release this year that had the same impact of Mario Odyssey, Legend of Zelda, or Splatoon but this is looking to change around December 7th when Smash Bros. Ultimate releases.  Do you think this will be enough to drive home a winning year for Nintendo?  Chat at us in the comments below!

SourceCode, aka Lucas Hughes, is the creator/owner of Nintendo Playroom.  He spends his days primarily as a husband/father/programmer/gamer.  He loves all things Nintendo and is very passionate about the Nintendo community.

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SourceCode

SourceCode, aka Lucas Hughes, is the creator/owner of Nintendo Playroom.  He spends his days primarily as a husband/father/programmer/gamer.  He loves all things Nintendo and is very passionate about the Nintendo community.

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