Last Friday, the Nintendo Switch Lite finally launched worldwide, offering a handheld-only option for fans of the console. While sales of the device have been decent so far, however, it looks like investors are not quite as impressed.
According to several analysts, Nintendo’s share price dipped by about 3.5% since the new device’s launch. This was in part due to the console selling only around 117,000 units in Japan since launch – far below one investor’s forecast of 300,000 units moved. This investor, Citi, commented bluntly that the cheaper system was “attracting fewer casual gamers than [they] presupposed.”
Additionally, other analysts have observed that Nintendo’s shares could be headed “for [their] worst one-day performance” in around eight months.
As things stand, it looks like Nintendo fell a little short of some high expectations. Hopefully holiday sales and the release of the Pokemon-themed Switch Lite will turn things around.
[UPDATE: Other analysts such as Dr. Sekan Toto have weighed in on the matter. Apparently, Citi may have set it’s expectations too high in tandem with overly negative reports from Bloomberg – which caused investors to panic unnecessarily. You can read more about it over here]