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Nintendoâs shares plunged in Tokyo on May 11 after the company announced price increases for its Switch 2 console and issued a cautious outlook for the new fiscal year.
Shares fell roughly 8% intraday, trading around 7,020â7,181 yen.
Nintendo said the Switch 2 will rise by 10,000 yen to 59,980 yen in Japan from May 25 and will increase by about $50 to roughly $500 in the U.S. from Sept. 1.
The firm now forecasts selling about 16.5 million Switch 2 units in the coming year, down from roughly 19.9 million in the prior year, and expects fiscalâyear net profit to drop about 27% to ÂĽ310 billion with revenue down about 11% to ÂĽ2.05 trillion.
Nintendo cited strong firstâyear demand, higher memoryâchip costs and the price hikes as reasons.
Analysts and investors expressed concern over a limited slate of blockbuster firstâparty titles beyond scheduled releases such as Yoshi, Star Fox and Splatoon Raiders.
President Shuntaro Furukawa pledged to boost the software lineup to âenhance ownership value.â











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