Nintendo Switch Lite sells below expectations in Japan and shares fall

Cheaper and totally focused on portability, the Nintendo Switch Lite was officially launched on the 20th. But it can’t be said that this was a magnificent debut: the console’s sales in Japan during the first three days after launch were below expectations and caused Nintendo’s stock price to drop.

In fact, the estimates started with a rush. Based on data from Media Create, Bloomberg released on Tuesday (24) that in the period between 20 and 22 September, Nintendo managed to sell 114,192 units of Switch Lite. Later, these data were changed to 160,768 units.

The revised estimate is closer to the number pointed out by the Japanese magazine Famitsu: 178 thousand units sold in the debut period.

Nintendo Switch Lite

Despite the review of Media Create and the more optimistic estimate of Famitsu, the situation has not improved much. That’s because analysts at Citigroup and JPMorgan predicted that the handheld console would sell at least 300,000 units at launch. The effect of this is that Nintendo’s shares fell 4.3% on Wednesday (25).

But there is no reason to panic, at least not yet. While some market analysts fear the Nintendo Switch Lite will not attract as many players as expected, others point out that the holiday season should boost sales.

In addition, if we look at the whole year, we will see that Nintendo’s shares appreciated by about 40%. Switch Lite is also expected to perform well in global sales.

The console features a 5.5-inch HD screen, battery life of up to 7 hours and non-removable Joy-Cons. In the United States, the official price is $ 199.99.

Learn more about the differences between the Nintendo Switch and the Nintendo Switch Lite here.

With information: Bloomberg, Financial Times.

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