From the outside looking in, gamers may see successful launches like Pokémon Pokopia, Donkey Kong Bananza, and more and think that the Switch 2 is doing well. But Nintendo's stock prices paint a scarier picture.
The console manufacturer is under pressure from its shareholders to increase the price of the Nintendo Switch 2, according to a report by Bloomberg, citing growing unrest as the company's stock prices have fallen for six consecutive months, marking the longest negative streak since 2016.
Image via Nintendo
"Nintendo investors are concerned that the $450 Switch 2 is deeply unprofitable," Bloomberg's Takashi Mochizuki and Alice French said. "US tech giants are buying up the world’s supply of key components like memory, while trade disruptions from the Middle East war are affecting the cost of shipping and even basic materials like plastics. Japanese peers like Capcom, Koei Tecmo and indeed Sony are also under pressure."
Sony's big announcement earlier this year of PS5
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