Nintendo agrees to 35 mn euro French fine over faulty Switch controllers

Nintendo will pay a 35 million euro ($40 million) fine to settle a French claim over faulty controllers on its Switch consoles. The announcement is modestly negative due to the legal resolution and cash outflow, but the amount is unlikely to materially affect the company. Market impact should be limited.

Analysis

Nintendo will pay a 35 million euro ($40 million) fine to settle a French claim over faulty controllers on its Switch consoles. The announcement is modestly negative due to the legal resolution and cash outflow, but the amount is unlikely to materially affect the company. Market impact should be limited.