Nintendo shares slump as Switch 2 reveal underwhelms
Shares in Nintendo slumped in Tokyo on Friday after the video game giant underwhelmed investors with plans to release its much-awaited Switch 2 console later this year.
Source: Sharecast
The Kyoto-based company published a 2-minute-long video offering a first look at the Switch 2, a predecessor to the hugely popular Nintendo Switch which had sold more than 146m units worldwide (as of September 2024) since it was released seven years ago.
However, shares closed the session down 4.3% at JPY9,181, having dropped as much as 7% earlier on.
The video only gave fans a glimpse at the hardware, with no gameplay or software details revealed, which may have disappointed some.
The company also didn't disclose any information about a recommended retail price or firm release date, which could be another reason behind the share-price fall.
Nintendo said the worldwide roll-out would begin with numerous 'Nintendo Switch 2 Experience' events planned in select cities across North America, Europe and Asia Pacific across April and May.
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