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Nintendo Shares Face Uphill Battle With Switch Seen Past Its Peak

  • Analysts see first holiday-period profit drop of Switch era
  • Company is in a new-product ‘limbo period,’ UBS says
The Switch was introduced in 2017.

The Switch was introduced in 2017.

Photographer: Chesnot/Getty Images
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Nintendo Ltd. has sat out the rally in tech stocks this year and may remain stuck in the doldrums until it unveils a successor to its Switch game console, which has seen sales declining over the past two years.

Shares of the fabled creator of Mario and Zelda are up less than 2% this year while Sony Group Corp. has surged 20% with help from an improved PlayStation outlook. Microsoft Corp. has gained 7% despite a post-Covid slip in Xbox sales.