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Despite a strong showing at E3 2021, Nintendo’s stock price is down 6% over the past five days.
Nintendo’s E3 2021 stream gave us a first look at games like Metroid Dread, Mario Party Superstars, and WarioWare: Get It Together! — as well as extended peeks at Zelda: Breath of the Wild 2 and Shin Megami Tensei V — but it didn’t reveal the much-anticipated Switch Pro, which has been rumored to be shown at this year’s E3.
Nintendo stock ended the day 0.8% down at $73.23, and the next morning the stock was down about 3% in Tokyo. While this may sound like a disaster, it’s important to remember that the value of Nintendo’s stock has been high for some time thanks to the Switch’s continued success, and as Forbes points out, declines of this kind are often followed by a shift in the opposite direction as the value itself stabilizes.
While it’s still very likely that a revised Switch model will come, Nintendo may want to save it until Breath of the Wild 2 is available — and by curbing release, it can manage the ongoing shortage of chips currently affecting the consumer tech industry better.
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