Following the announcement of the Nintendo Switch, Nintendos' stock price dropped. It is interesting to note here that investor confidence in the Nintendo Switch is weaning moreso than the announcement of the WII U in 2012. Although they announced a full reveal in the month of January they have seen their stock falter from 26,950 JPY to 25,395 JPY. Which is to be expected if you refer to the article in this publication NINTENDO ANNOUNCES THE SWITCH here. I would continue to expect that this stock will remain bearish until the announced full reveal which is January 12, 2017 where additional details pertinent to the console will be revealed. Furthermore I believe the stock could become bullish if they announce more mobile related PR. On another note Nintendo recently held a Nintendo Direct to announce the new addition to Animal Crossing a game which has been released on the 3DS. Although the sales for the 3DS are still yet strong the WII U sales have become dry, and its noted that the production of the aforementioned console are to be halted this month.
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