Mentioned in this article Games: Fortnite, Super Smash Bros.

Nintendo’s stock price fell 6.21% after its presentation at E3.

Analysts are reportedly concerned about the lack of big first-party titles announced at the conference.

Those analysts may be underestimating the potential of Nintendo’s biggest announcement, Super Smash Bros. Ultimate .

Following Nintendo’s E3 presentation, the Japanese game developer’s stock fell by 6.21%. Niko Partners analyst Daniel Ahmad tweeted that the stock’s plummet was in response to a lack of confidence in Nintendo’s ability to hit hardware and software sell-in targets due to a weak lineup of games for the remainder of 2018.

While Nintendo’s presentation announced plenty of new games in the pipeline, the presentation itself was heavily focused on the newest entry in the Super Smash Bros. series, Super Smash Bros. Ultimate, and the previously announced Pokemon Let’s Go pair of games. Based on the stock’s rapid fall, Ahmad concluded that analysts did not believe in Smash’s and Pokemon’s ability to carry console sales by themselves.

Analysts may be underestimating the potential of the latest Smash game. The Smash series has been a top performer for every Nintendo system so far. Even Super Smash Bros. for Wii U shipped 5.34M copies as of March 2018, despite its existence on the poorly-performing console sharing its name. While every Smash game has had strong sales success, Ultimate is harnessing the power of a force Nintendo has largely ignored in the past—the competitive Smash scene.

Without a new Smash game, competitive players were not incentivized to upgrade to the newest console. Now, if they want to keep competing in tournaments featuring the next entry in the series, they will have no choice but to purchase a Switch. Additionally, Nintendo’s E3 press conference heavily emphasized features which members of the competitive community has asked for since the days of the GameCube.

There are still Smash fans who play previous entries on older systems because that is the version with better competitive features or the only iteration with their favorite character. Ultimate’s main selling point is the return of every character from past versions. For many corners of the competitive community, Ultimate is an almost guaranteed purchase.

In addition to Smash, the Switch is appears to be quickly becoming an attractive console for a wide range of esports players previously ignored by Nintendo. While Smash dominated the company’s E3 presentation, buried in the middle were confirmations of both Fortnite and Dragon Ball FighterZ being ported to the system. Neither game has been available on a portable system previously, and the ability to practice while traveling will be a strong selling point for competitive players in both games.

Nintendo is hoping to move 20M units in fiscal year 2018, having sold 14M Switches in 2017. With no mainline Mario or Zelda titles announced for the year, the company may well need to rely on the esports industry it has ignored for so long.