Nintendo shares slide 11% as Switch 2 momentum fears grow

Group 1 - Nintendo shares fell 11% as investors expressed concerns about the momentum for the Switch 2 gaming device [1] - The company maintained its annual net profit forecast at 350 billion yen ($2.24 billion), which is below the analyst estimate of 406 billion yen [2] - Early momentum for the Switch 2 is critical for building a user base and ensuring long-term strength, although it is not selling as much software as its predecessor [3] Group 2 - Competing titles like Roblox and Take-Two Interactive's "Grand Theft Auto VI" are vying for gamers' attention [4] - Rising prices of memory chips are a concern for Nintendo's margins, although the company stated that the price surge is not significantly impacting earnings this financial year [4] - Console profitability is expected to decline further starting next fiscal year due to the ongoing surge in memory prices [5]