Nintendo's Stock Value Has Dropped (And No One Is Sure Why)

Nintendo has been on a high over the past year, with the Switch shattering all expectations and coming out of the gate with one of the best opening lineups of any video game console in existence. They have single-handily managed to reclaim their position in the marketplace, while still profiting from their handheld and mobile ventures.

It seems as if not everyone has faith in Nintendo's future offerings, as Bloomberg is reporting that Nintendo's share price has dropped 6.3 percent over the weekend, despite all of the positive press that the company has had since the start of 2017.

Analysts have been struggling to find reasons for this shocking dip in price, especially with a highly anticipated E3 event being only a week away.

One potential reason is a lack of faith in Nintendo's future lineup, as there are those who think that there won't be any major surprises coming at E3. There have been numerous leaks which suggest that Fortnite is coming to the system, but you can play Fortnite on numerous other devices, so this might not be the huge get that many pundits may have suspected.

This isn't helped by a surprisingly bare second-year lineup for the Nintendo Switch, which has been mostly dominated by ports of older games. The biggest Switch titles of 2018 that have been announced are the upcoming Super Smash Bros. title for the system (of which we know almost nothing) and Pokémon Let's Go Pikachu & Pokémon Let's Go Eevee, which might be the most promising upcoming game for the Switch.

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The lackluster Nintendo Switch Online Service also cannot be helping matters, as it is seemingly replacing the popular Virtual Console for a service that many players aren't as excited for.

Those who were attracted to the Nintendo Switch by titles like The Legend of Zelda: Breath of the Wild, Splatoon 2, and Super Mario Odyssey may have been left with some buyers remorse during the system's second year, as we have only been seeing a deluge of Wii U/mobile ports and indie titles, many of which can be played on other systems. Nintendo has done little to alleviate this belief, with the few Directs promising little in the way of new content for 2018. There are some incredible looking titles coming in the future, such as Shin Megami Tensei V, Bayonetta 3, and Metroid Prime 4, but those seem to still be in the early stages of development.

If Nintendo wants to rectify this shaky belief in the future of the Switch, then they need to knock it out of the park at E3 next week.

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