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Nintendo plunges 8% after Switch 2 price hike and weak sales forecast

Cnbc · · 631 words · By Arjun Kharpal
open_in_new Read the original article: https://www.cnbc.com/2026/05/11/nintendo-stock-switch-2-price-rise-weak-sales-fo…

fact_checkFact-Check Results

10 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 4
info Single Source 3
verified Verified 2
help Insufficient Evidence 1
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“Shares of Nintendo closed 8.4% lower in Tokyo, Japan to 7,020 yen (US$44.64), the lowest since August 2024.”
SINGLE SOURCE
While web search results mention Nintendo shares slumping and plunging by 8% following price hikes, the specific closing price of 7,020 yen and the exact 8.4% figure are not explicitly corroborated by the provided evidence snippets.
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wikipedia NEUTRAL — Nintendo is one of the world's biggest video game development companies, having created several successful franchises. Because of its storied history, the developer employs a methodical system of soft…
https://en.wikipedia.org/wiki/List_of_Nintendo_development_t…
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wikipedia NEUTRAL — Mario & Sonic at the Olympic Games Tokyo 2020 is a 2019 crossover sports video game developed and published by Sega for the Nintendo Switch. Based on the 2020 Summer Olympics, it is the sixth game in …
https://en.wikipedia.org/wiki/Mario_&_Sonic_at_the_Olympic_G…
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wikipedia NEUTRAL — Nintendo Entertainment Analysis & Development Division, commonly abbreviated as Nintendo EAD and formerly known as Nintendo Research & Development No.4 Department (abbreviated as Nintendo R&D4), was t…
https://en.wikipedia.org/wiki/Nintendo_Entertainment_Analysi…
+ 3 more evidence sources
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“The stock has fallen 34% this year.”
SINGLE SOURCE
The provided evidence for this claim contains irrelevant information about NFLX and Nintendo's general history, but no data regarding a 34% stock decline this year.
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web search NEUTRAL — Former Managing Directors include current Nintendo of America CEO Satoru Shibata and Rose Lappin, who previously worked on Nintendo products for Mattel Australia prior to joining NAL in 1993.
https://en.wikipedia.org/wiki/Nintendo
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web search NEUTRAL — The current NFLX price target is $295.87.
https://www.marketbeat.com/stocks/NASDAQ/NFLX/forecast/
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web search NEUTRAL — Save on digital Nintendo games and DLC with the latest sales and deals. Explore featured discounts, recommendations, and limited‑time offers.Currently: USA.
https://www.nintendo.com/us/store/sales-and-deals/
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“On Friday, Nintendo announced price hikes for its Switch 2 console in markets across the world.”
CORROBORATED
Multiple independent sources confirm the announcement of global price hikes for the Switch 2, including CNBC, Beebom, and Google News.
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web search NEUTRAL — The Nintendo Switch 2 is a hybrid video game console developed by Nintendo and released in most regions on June 5, 2025. Like the original Nintendo Switch, it can be used as a handheld, as a tablet, o…
https://en.wikipedia.org/wiki/Nintendo_Switch_2
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web search NEUTRAL — Nintendo announces global price revisions for Nintendo Switch 2, Nintendo Switch, and Switch Online.Nintendo Switch 2 Price to Increase to $500 in U.S. as Gaming Console Nears 20 Million Units Sold. 5…
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
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web search NEUTRAL — The Nintendo Switch 2 price increase was officially announced on Nintendo’s official website. According to the announcement, the revised pricing for consoles and online memberships will go into effect…
https://beebom.com/nintendo-announces-increased-switch-2-and…
+ 1 more evidence source
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“Nintendo said that it forecasts 16.5 million unit sales of the Switch 2 in the current fiscal year, which ends in March 2027”
CORROBORATED
Both CNBC and NYPost independently report the forecast of 16.5 million unit sales for the fiscal year ending March 2027.
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cross reference SUPPORTS — forecasted 16.5 million unit sales of the Switch 2 in the current fiscal year, which ends in March 2027, down from 19.86 million since its launch last June.
https://www.cnbc.com/2026/05/12/cnbc-daily-open-iran-ceasefi…
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cross reference SUPPORTS — Nintendo expects to sell 16.5 million Switch 2 machines in the fiscal year through March 2027, down nearly 17% from 19.86 million in the last fiscal year.
https://nypost.com/2026/05/08/business/nintendo-hiking-switc…
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“down from 19.86 million since its launch last June.”
CORROBORATED
Multiple sources, including Inven Global and other web results, confirm the Switch 2 launched in June 2025 and sold 19.86 million units by the end of the last fiscal year.
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web search NEUTRAL — The Nintendo Switch 2 is a hybrid video game console developed by Nintendo and released in most regions on June 5, 2025. Like the original Nintendo Switch, it can be used as a handheld, as a tablet, o…
https://en.wikipedia.org/wiki/Nintendo_Switch_2
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web search NEUTRAL — Since its launch in June 2025, the 'Switch 2' has seen exceptional success, selling 19.86 million units by the end of the last fiscal year, far exceeding the initial forecast of 15 million. While Nint…
https://www.invenglobal.com/articles/21757/nintendo-presiden…
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web search NEUTRAL — We’ve covered the price increase as it was announced earlier today, so click here for that information. When it comes to sales, the aforementioned and official investor site now reveals that 19.86 mil…
https://htxt.co.za/2026/05/with-a-price-hike-on-the-way-the-…
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“The price of the Switch 2 was raised by $50 in the U.S., and by 10,000 Japanese yen (US$64) in Japan.”
SINGLE SOURCE
Google News confirms a $50 increase in the US and that prices are going up in Japan, but the specific '10,000 Japanese yen' figure is not explicitly stated in the provided evidence.
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web search NEUTRAL — The Nintendo Switch 2 is a hybrid video game console developed by Nintendo and released in most regions on June 5, 2025. Like the original Nintendo Switch, it can be used as a handheld, as a tablet, o…
https://en.wikipedia.org/wiki/Nintendo_Switch_2
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web search NEUTRAL — Nintendo is raising the price of the Switch 2 by $50 on September 1st. Prices are also going up across Europe, in Canada, and Japan. Nintendo is forecasting a drop in Switch 2 sales over the next year…
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
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web search NEUTRAL — On the other hand, US dollars are now worth dramatically more in Japan because the Japanese yen is remarkably weak. Compare: on January 13th, 2017, the day Nintendo announced the original Switch’s pri…
https://www.theverge.com/games/646776/switch-2-price-editori…
verified
“The Japanese gaming giant said it expects software sales across the original Switch and Switch 2 to total 165 million units in the fiscal year ending March 2027.”
VERIFIED
A specific report on Nintendo (NTDOY) shares explicitly states the expectation of combined software sales of 165 million units for fiscal 2027.
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web search NEUTRAL — Switch 2 Sales Forecast & Adoption Outlook. Q1: Please explain the reasoning behind forecasting 16.5 million sales of Nintendo Switch 2 hardware for this fiscal year (ending March 2027). Also, what ki…
https://www.resetera.com/threads/nintendo-fy2026-q-a-release…
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web search NEUTRAL — Nintendo expects combined Switch and Switch 2 software sales of 165 million units in fiscal 2027 — representing an approximately 11% year-over-year contraction. This forecast has sparked debate about …
https://moneycheck.com/nintendo-ntdoy-shares-plunge-8-follow…
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web search NEUTRAL — Nintendo offered the following reasons for the reduction: "In light of the strong sales performance in the first year following launch and price adjustments, we expect unit sales for the fiscal year e…
https://www.gamespot.com/articles/why-nintendo-expects-fewer…
verified
“That would mark a roughly 11% year-on-year fall.”
VERIFIED
The source reporting the 165 million software units forecast explicitly describes this as 'representing an approximately 11% year-over-year contraction'.
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web search NEUTRAL — Nintendo Shares Fall by 10% Following Forecast. A new report from Bloomberg indicates that Nintendo’s stock has experienced its most significant decline in three months.
https://insider-gaming.com/nintendo-stock-plunges-after-disa…
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web search NEUTRAL — Nintendo forecasts selling 15 million Switch units in Fiscal Year 2024 and 180 million software units. On the software side of things, there were 213.96 million units sold, which is a 9% decrease comp…
https://gameinformer.com/2023/05/09/nintendo-switch-surpasse…
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web search NEUTRAL — Nintendo is raising the price of the Switch 2 by $50 on September 1st. Prices are also going up across Europe, in Canada, and Japan. Nintendo is forecasting a drop in Switch 2 sales over the next year…
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
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“Nintendo has had some early game successes with the Switch 2, including "Mario Kart World" and "Pokémon Pokopia,"”
CORROBORATED
Multiple web search results confirm the existence and release of 'Mario Kart World' and 'Pokémon Pokopia' for the Switch 2.
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web search NEUTRAL — Nintendo reveals a new bundle offering fans a Switch 2 console and a copy of Pokemon Pokopia, but not everyone will be able to take advantage of it.
https://gamerant.com/nintendo-switch-2-pokemon-pokopia-bundl…
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web search NEUTRAL — This announcement follows the release of a Switch 2 bundle featuring Pokémon Legends: Z-A. Nintendo has also released a Switch 2 bundle including Mario Kart World.
https://www.nintendolife.com/news/2026/05/nintendo-announces…
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web search NEUTRAL — Nintendo Switch 2 - Featuring a reimagined online experience with GameChat - arrives in stores today along with the biggest Mario Kart game in history and more The Joy-Con 2 controllers are ...
https://www.nintendo.com/us/whatsnew/power-up-your-play-with…
help
“"Pokémon Pokopia," which became a surprise viral hit and sold over 4 million units in the five weeks after its release in March.”
INSUFFICIENT EVIDENCE
No evidence was provided or found in the search results regarding the specific sales volume (4 million units) or the specific five-week timeframe for Pokémon Pokopia.
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.