Nintendo shares reportedly fell around 12% following the company’s recent Switch 2 price increase announcement and its updated hardware sales forecast for the next fiscal year.
Industry analyst Daniel Ahmad commented on the situation on X, suggesting investor concerns were tied to several factors surrounding Nintendo’s latest financial outlook. “Price increase, lower hardware sales forecast, and lack of visibility on software pipeline have investors spooked,” Ahmad wrote. “I think the concern is a bit overblown fwiw.”
The reaction follows Nintendo’s announcement that it will increase pricing for the Nintendo Switch 2 and existing Switch hardware across multiple regions. In Japan, the Nintendo Switch 2 Japanese Language System will rise from ¥49,980 to ¥59,980 beginning May 25, 2026.
The company also confirmed price increases for the US, Canada, and Europe starting September 1, 2026. In the US, the Switch 2 will move from $449.99 to $499.99, while European pricing on My Nintendo Store will increase from €469.99 to €499.99.
Nintendo said the changes were made “in light of changes in market conditions, and after considering the global business outlook.”
Investor concerns also appear linked to Nintendo’s FY2027 hardware guidance. While the company confirmed that Switch 2 sold 19.86 million units during its first fiscal year, outperforming the launch pace of the original Nintendo Switch, Nintendo is forecasting 16.5 million hardware sales for the next fiscal year.
Some investors are also reportedly cautious about Nintendo’s upcoming software lineup beyond currently announced titles.
Despite the stock decline, Nintendo’s latest financial results still showed strong overall performance. The company’s dedicated video game platform business generated ¥2.23 trillion in revenue during FY2026, while consolidated net sales reached ¥2.31 trillion. Operating profit also increased 27.5% year-over-year to ¥360.1 billion.
Software sales remained strong across both Switch platforms, with Nintendo reporting 48.71 million Switch 2 software units sold during the fiscal year. Mario Kart World alone reached 8.85 million units sold, while Donkey Kong Bananza and Pokémon Legends: Z-A Nintendo Switch 2 Edition also achieved multi-million sales figures.
