"The expectations of sales for the Switch market have gone from being a robust growth to assume no growth."
Analysts and their sales expectations for the different video games are a constant at this time, especially considering that there are only a few months left until the Christmas season. Now it's the turn of a Nintendo Switch that is seeing how the different firms of these professionals in the sector are showing themselves not too optimistic with their end-of-year sales.
"Market expectations for Switch, as reflected in the stock price, have turned from robust growth to no-growth in a matter of three months," said Atul Goyal, spokesman for Jefferies and, in fact, one of the most optimistic Wall Street analysts usually with the forecasts for Nintendo. He did it in an interview through the Markets Insider portal.
"We believe continued sales of Switch over the course of this year and next could very well prove this current thesis of Switch being ex-growth wrong as well," continued a Goyal that adds to the current of this type of professionals in the sector that ensures that their numbers fall. "But given the sustained selling pressure, perhaps the short-term market is right about Nintendo (for a change) and perhaps it doesn’t grow in hardware sales."
The data, yes, is still very positive for the platform today. In fact, we recently told you that over 5 million games were sold to Switch during 2018. However, despite the fact that we have seen a rise in the value of the shares of the Japanese manufacturer, the trend during 2018 has been the of the generalized descent with more than 12% throughout 2018, and with peaks of descent like that experienced by Nintendo after E3 2018 with a drop of 7%.
SOURCE: Businessinsider
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