Some still expect improvement, however.
After a 2020 that combined global challenges with a spectacular boom in its business, some of the narrative around Nintendo’s prospects and current value are starting to shift. The last financial year brought unique benefits for the company, with significant numbers of people seeking home entertainment in the midst of day-to-day restrictions, while Animal Crossing: New Horizons was – among other releases – a huge success.
That boom is dropping away, of course, with Nintendo and indeed most entertainment companies acknowledging that sales and profits will fall back as demand declines. The company’s share price and its investors naturally react to lowered sales and profit projections, even if the company is in robust health.
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