MSFT - 4 Green Flags for Nintendo's Future
Nintendo 's (OTC: NTDOY) stock has lost a quarter of its value over the past 12 months as investors fretted over the Japanese gaming giant's decelerating growth, competitive challenges, and supply chain headwinds.
Nintendo's growth accelerated throughout the pandemic in fiscal 2020 as people bought more Switch gaming consoles and played more games, but it faces much tougher year-over-year comparisons in fiscal 2021, which ends this March. Sony (NYSE: SONY) and Microsoft 's (NASDAQ: MSFT) latest consoles are also ramping up the pressure on Nintendo's aging Switch, while the ongoing supply chain challenges are throttling its production of new devices.
Image source: Nintendo.
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4 Green Flags for Nintendo's Future