In the last month or so, Nintendo’s share price dropped sharply from 41,600 yen a piece to 36,030 yen per share.
A 13% decrease in value is considered a huge loss. Investors are now asking why this is happening even though Nintendo is performing well financially. Before May 28, Nintendo’s stock fluctuated between 40,000 yen and 49,000 yen.
No one knows why Nintendo hasn’t recovered from its loss in value yet, but some speculate the sell-off could have been due to weak Nintendo Labo sales or a weak showing at E3, but no one really knows. Even the financial analysts are just guessing now.
What do you think? Let us know in the comments below.