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4 Green Flags for Nintendo's Future

·5 min read
4 Green Flags for Nintendo's Future
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Nintendo's (OTC: NTDOY) stock has lost a quarter of its value over the past 12 months as investors fretted over the Japanese gaming giant's decelerating growth, competitive challenges, and supply chain headwinds. Nintendo's growth accelerated throughout the pandemic in fiscal 2020 as people bought more Switch gaming consoles and played more games, but it faces much tougher year-over-year comparisons in fiscal 2021, which ends this March. Nintendo expects all those challenges to reduce its revenue and net profit per share by 9% and 26%, respectively, for the full year.