Late last week it became known that the share Nintendo The decline was a result of weak switch sales in the last fiscal quarter. now, Japan’s video game industry woke up today with the biggest drop since 1987.
Today, Monday, August 5, 2024, the stock market in Tokyo, Japan reported substantial declines in shares of multiple video game companies, affecting not only Nintendo, but SEGA, Capcom, Sony, Square Enix and more. In general, Japan’s Nikkei fell more than 12%, its lowest since “Black Monday” in 1987.. These companies were hit:
- Nintendo – 15%
- SEGA – 13%
- Capcom – 16%
- Nexon – 13%
- Cave – 23%
- Konami – 8%
- Sony – 6%
- Amazing – 10%
- Cybergent – 10%
- Koei Tecmo – 6%
- Square Enix – 5%
Now, it is noted that this is the result of multiple factors worldwide. in one hand, There is talk of a possible recession in the US, something that will affect the performance of the global video game industry. According to Dr. Serkan Toto, CEO of industrial consultancy Kantan Games, he also points out that rich people, who move stocks, act on impulse and their reasons do not always have a solid foundation.
For the moment, we can only wait to see how the international markets will react to these movements, as well as what Nintendo and the rest of the affected companies will do in the coming months. Let’s remember that the second half of the year is an important period marked by multiple big launches.
In Nintendo’s case, Like the title The Legend of Zelda: Echoes of Wisdom y Mario and Luigi Brotherhood May help switch performance and improve its financial position for the remainder of 2024. On a related note, you can learn more about the Big N Stock’s recent decline here. Likewise, this is its new breakthrough Echoes of knowledge.
Author’s Note:
This is normal, although the scale is larger than thought. Stocks are constantly moving and, as Toto points out, people with money usually act on their instincts rather than seeing the facts in front of them, so some of these decisions may sound strange.
Through: Nintendo Life
