Nintendo shares fall on rumors that the release of Switch 2 will be postponed to 2025 – Kommersant
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Nintendo stock prices fell almost 9% at the opening of trading on the Tokyo Stock Exchange due to rumors about the delay in the release of the new game console Switch 2. This is the strongest drop in the company’s shares during one trading session since October 2021.
After the Japanese company showed a new console at Gamescom, information appeared that it would be released at the end of 2024. However, last weekend the agency Bloomberg reported, citing its own sources in the company, that sales of Switch 2 will start in March 2025 at best. Company representatives allegedly told several game publishers about this. This means that Nintendo will not be able to start selling its new portable gaming device during the Christmas season, which is considered the ideal time for the debut of products in the gaming industry.
As Bloomberg notes, the fall in Nintendo shares may continue, as investors bought up the gaming company’s shares in anticipation of the launch of a new game console. This is a significant event for Nintendo, since the last update to the line of gaming consoles was back in 2017, right when the first version of the Switch was released.
How the console market in Russia is growing – in the Kommersant material “Profit Prefixes”.
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