Nintendo shares fell as much as 8.2% in Tokyo on Wednesday. The decline followed a Nintendo Direct presentation that failed to meet investor expectations for upcoming games.
The stock drop reflects growing concerns regarding the software pipeline for the new Switch 2 console. Investors specifically noted the absence of a new mainline Super Mario title to drive hardware sales.
The showcase focused on remakes such as The Legend of Zelda: Ocarina of Time rather than new high-profile releases. This lack of major titles complicates efforts to justify the recent price increase ahead of the critical holiday season.