Nintendo Shares Drop Following Rumored Switch Delay
Following reports that the Nintendo Switch successor might be delayed to a 2025 launch, it looks like Nintendo’s shares in Japan have dropped, a stark contrast to strong performance just a few weeks before the reported 2025 release date.
READ: New Rumors Indicate that the Switch 2 is now Delayed to 2025
A report from Bloomberg states that company shares tanked down to 8.8% on the Tokyo Stock Exchange, before settling on an overall value loss of 5.8%. In relation to this, LightStream Research analyst Mio Kato notes that Nintendo’s shares could fall even lower should consumers become increasingly impatient over a lack of visible numbers from the company.
On the other hand, Bernstein analyst Robin Zhu predicts that Nintendo’s shares might instead “bounce back” as investors seek to buy in during a dip.
Just recently, Brazilian games journalist Pedro Henrique Lutti Lippe claimed that Nintendo is planning to release its next console in Q1 2025, which still falls within the 2024 financial year. The information is based on development sources which are now targeting that timeframe for the console’s launch.
Source: Nintendo Life