Nintendo shares slump as games pipeline disappoints market

Nintendo's shares fell 7.5% on Wednesday after the company's Nintendo Direct presentation of forthcoming games lacked titles from top franchises such ‌as "Super Mario".

The ⁠Kyoto-based ⁠company's stock price has been hammered ​by concerns over a lack of high-profile ​games to build momentum for the Switch 2 gaming device.

The shares ​are down around ⁠a third ‌year-to-date.


The lack of a "mainline ​3D ​Mario" for this year's ⁠holiday shopping season is "commercially meaningful", Jefferies ​analyst Atul Goyal wrote in ​a client note.

The Switch 2 launched last June with titles including "Mario Kart World" and later "Donkey Kong Bananza".

"Year 2 now enters ‌the holiday window without a franchise title of comparable ​pull," Goyal ​wrote.

Last ⁠month Nintendo hiked Switch 2 prices as it grapples with a memory chip ​price boom, which is also seen as a risk to sales momentum due to its price-sensitive consumer base.