We know that Nintendo stock dropped by 6.5 percent one day after the reveal of the Nintendo Switch, which is a bigger drop than the one that happened when Nintendo announced the Wii U in 2011. This is because analysts doubt the Switch’s ability to appeal to a wide audience. Plus, Nintendo’s been trying the whole “unique hardware” approach for a number of years and failing.
Dr. Serkan Toto, an analyst from Asia, sums up everyone’s feelings in the stock market quite nicely: “Is a portable/home console approach really that innovative in 2016? I am most concerned about the target group of the device: who else but die-hard Nintendo fans will buy the Switch?”
Nintendo has to earn people’s trust back. They’re in a “guilty until proven innocent” right now, especially because of the Wii U’s performance. We need to see some killer apps on the Nintendo Switch aside from the hardware.