Shares of Nintendo fell following the presentation of the Nintendo Switch 2 and the introduction of new tariffs in the United States
April 3 began with a drop in Nintendo's stock value. As noted by Bloomberg, their stock price on the Tokyo Stock Exchange fell by 5.9% in the morning.
Nintendo Switch 2
By the time of writing, Nintendo's stock had somewhat recovered, now trading only 3.26% lower than the previous evening. Currently, one of the Japanese company's shares is priced at 10,080 yen ($61.51).
Nintendo stock price chart
The stock price dipped following the Nintendo Direct presentation, which was dedicated to the Nintendo Switch 2. During the event, the company showcased the initial lineup of games and announced that the console will be available for sale on June 5 at a price of $450.
The audience's reaction to the event was mixed. The producer of The Game Awards and Summer Game Fest, Geoff Keighley, asked users on the social network X to rate the Nintendo Direct on a four-point scale — 49% of the 55,000 voters rated the presentation as “Excellent.” Nevertheless, some gamers criticized the company for the lack of truly major innovations and for the price increase of games — shortly after Nintendo Direct, it became known that the base editions of some titles for the Nintendo Switch 2 will cost $80.
In addition, yesterday, U.S. President Donald Trump signed a new tariff order on imported goods, imposing some of the highest duties for Cambodia (49%) and Vietnam (46%) — regions where Nintendo manufactures part of its consoles. As a result, there is concern online that U.S. residents might have to pay more than $450 for the Nintendo Switch 2. However, Kantan Games analyst Serkan Toto believes that the company may have already factored potential tariffs into the price.