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Nintendo Stock Hits Longest Losing Streak Since 2016 as Investors Demand Switch 2 Price Hike Despite Pokopia & Mario Galaxy

A Nintendo Switch 2 screen displays characters from various games, including Kirby, Donkey Kong, and Link from The Legend of Zelda, against a colorful background.

Today, Bloomberg's Tech In Depth newsletter covers a thorny subject: should Nintendo raise the Switch 2 pricing in response to the current economic environment and the ongoing memory shortage? Sony did, across its entire PlayStation ecosystem (PS5, PS5 Slim, PS5 Pro, and PlayStation Portal). Nintendo, on the other hand, has maintained steadfast so far, but Bloomberg points out that investors aren't quite happy with this strategy. The company's stock has been on a steady decline for five consecutive months, marking the longest sustained decline in Nintendo's stock since 2016. This is despite the Nintendo Switch 2 continuing to sell extremely […]

Read full article at https://wccftech.com/nintendo-stock-longest-losing-streak-2016-investors-switch-2-price-hike/

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