Nintendo shares reportedly fell by 10% on May 11 following the company’s latest sales projections for the Nintendo Switch 2. The decline came shortly after Nintendo revised its expectations for the current fiscal year and confirmed a global price increase for the console earlier this month.

According to reports, Nintendo now expects to sell 16.5 million Nintendo Switch 2 units during fiscal year 2027. While the figure remains strong compared to many previous console launches, it represents a decline from the 19.86 million units sold during fiscal year 2026.

The updated projection appears to have raised concerns among investors, particularly as the Nintendo Switch 2 previously experienced a strong launch period and early sales momentum across several regions.

Nintendo Switch 2 Price Increase Confirmed Globally

Earlier in May, Nintendo confirmed that the Nintendo Switch 2 would receive a global price increase. The adjustment raises the retail price of the console by approximately 50 USD (around 196 MYR) in several markets, making it Nintendo’s most expensive console launch to date when not accounting for inflation.

The company previously stated that rising production expenses and broader economic conditions contributed to the pricing decision. Nintendo President Shuntaro Furukawa also noted that the higher retail price still does not fully offset increasing manufacturing and supply chain costs.

Reports surrounding the semiconductor and RAM market have also suggested that hardware production costs remain elevated across the technology industry, affecting profit margins for console manufacturers.

Sales Momentum Slows After Strong Launch Period

Despite the revised forecast, the Nintendo Switch 2 continues to maintain a strong commercial position overall. The console reportedly outperformed the original Nintendo Switch during its early launch window and benefited from several major software releases in recent months.

Titles such as Pokemon Pokopia and Tomodachi Life: Living the Dream have contributed to strong engagement around the platform. However, recent reports indicate that Nintendo Switch 2 sales fell behind PlayStation 5 during the first two months of 2026.

Nintendo shares forecast suggests the company expects sales growth to slow further throughout fiscal year 2027, even as the console remains on pace to outperform the original Nintendo Switch’s first 22 months on the market.

Nintendo Stock Reaches Lowest Point Since 2024

Following the announcement, the Nintendo shares price reportedly dropped to its lowest level since August 2024. That period also saw major gaming and technology companies experience market declines amid weaker hardware sales and broader economic pressures.

While Nintendo later recovered from that downturn and reached new highs following the launch of the Nintendo Switch 2, the latest financial outlook appears to have created renewed uncertainty among investors.

The company has not announced any major new hardware revisions at this time, though Nintendo previously stated that it intends to increase the long-term value of the Nintendo Switch 2 ecosystem through future software releases and additional platform support.

Future Nintendo Releases Could Play Key Role

Nintendo has yet to fully detail its long-term software roadmap for the Nintendo Switch 2 beyond currently announced titles. However, industry speculation surrounding future projects, including a possible remake of The Legend of Zelda: Ocarina of Time, continues to generate attention online.

At present, Nintendo has not officially confirmed several rumored projects tied to the Nintendo Switch 2. More announcements regarding upcoming games and platform plans are expected in the coming months as the company continues navigating changing market conditions and consumer demand.