Is Nintendo Stock a Buy Now?
Nintendo's (OTC: NTDOY) stock price is down roughly 15% over the past 12 months as investors fret over its decelerating growth in a post-lockdown market. The chip shortage exacerbated that pain by throttling its shipments of new Switches.
Nintendo's upgraded Switch OLED, which arrived last October, also disappointed some gamers and investors who were expecting a brand new console to succeed the now five-and-a-half-year-old Switch. Delays for its new games and the upcoming Super Mario movie raised even more red flags.
Image source: Nintendo.
Source Fool.com
