Nintendo Shares Plunge on Weak Switch 2 Outlook

Nintendo's stock experienced a significant drop, marking its largest decline in three months. This downturn follows the company's cautious forecast for both hardware and software sales. The outlook suggests that the anticipated Switch 2 console has not yet stimulated robust, independent demand. Investors appear concerned that the new hardware may not be enough to offset declining sales projections for existing products, potentially impacting future revenue streams and market position.