Nintendo Shares Take a Hit as Reports Suggest Delayed Release of Switch Successor
Shares Plummet Following Reports of Delayed Next-Generation Console Release
Nintendo, a prominent player in the gaming industry, witnessed a notable 6% decline in its shares on Monday. This fall came in response to reports from games media and Bloomberg suggesting that the launch of their next-generation console, slated for later this year, will likely be postponed until early 2025.
Rumors Surrounding the Successor to the Aging Switch Console
Amidst these developments, speculation abounds regarding Nintendo’s future plans for a successor device. While the Kyoto-based company has not made any official statements, industry watchers widely expect them to be gearing up for the launch of a new device to replace the aging Switch console.
The Continued Allure of the Hybrid Home-Portable Device
With the Switch attracting consumers even as it approaches its eighth year on the market, Nintendo raised its full-year sales forecast for the device earlier this month. The hybrid home-portable console continues to maintain its appeal, prompting Nintendo’s President, Shuntaro Furukawa, to express a commitment to sustaining the momentum of the Switch business during an earnings briefing.
