Bloomberg reports today that Nintendo is quietly raising its Switch 2 production quota to 20 million units for this fiscal year, a 20% increase over the 16.5 million units publicly outlined in the latest financial report that was released earlier this month. Nintendo is used to sharing very conservative estimates that are then handily beaten by the actual results. Dr. Serkan Toto, a renowned industry analyst, said as much to Bloomberg; he also believes that even the higher Switch 2 price won't stop consumers from buying the console. For them, there is no real downside in lowballing numbers first and […]

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Today, Bloomberg's Tech In Depth newsletter covers a thorny subject: should Nintendo raise the Switch 2 pricing in response to the current economic environment and the ongoing memory shortage? Sony did, across its entire PlayStation ecosystem (PS5, PS5 Slim, PS5 Pro, and PlayStation Portal). Nintendo, on the other hand, has maintained steadfast so far, but Bloomberg points out that investors aren't quite happy with this strategy. The company's stock has been on a steady decline for five consecutive months, marking the longest sustained decline in Nintendo's stock since 2016. This is despite the Nintendo Switch 2 continuing to sell extremely […]

Read full article at https://wccftech.com/nintendo-stock-longest-losing-streak-2016-investors-switch-2-price-hike/