Nintendo ADR (OTCMKTS: NTDOY) is up 8% in a week and now trades at its 52-week high of around $16. The recent optimism was fueled by the company's official announcement of the much-awaited Switch 2 gaming console.
Nintendo shares fell sharply after it said the much-anticipated successor to its Switch console would go on sale later this year, disappointing investors with a lack of specifics and a design that feels more like an update than a reinvention.
Nintendo (NTDOY 1.90%) stock is climbing in Thursday's trading. The gaming company's share price was up 2% as of 2:45 p.m.
Nintendo showed off its new Switch 2 console in a video trailer Thursday, featuring a bigger display and joy controllers. Nintendo didn't give a release date for the Switch 2, but said it would reveal more details during its next "Nintendo Direct" online event on April 2.
Nintendo is betting on the 2025 release of a bigger, better version of its blockbuster Switch console to keep up the success of the third best-selling games machine of all time.
Nintendo has confirmed that its successor to the hugely successful Switch console will launch this year. Ahead of the full launch, there will be a Switch 2 hands-on tour that will see the new console available for the public to play from April through to June.
Japanese video game company Nintendo will launch the Switch 2 console, successor to its hit Switch device, this year, it said on Thursday.
Speculation over Nintendo's new console, a successor to the wildly popular Switch, reached a fever pitch Thursday with specialist media predicting an imminent announcement from the Japanese gaming giant.
Nintendo's continuous innovation and strategic marketing, particularly with the Nintendo Switch, have kept it relevant and popular in the evolving video gaming market. Despite a YoY revenue decline, Nintendo's robust operations, improved margins, and impressive liquidity position it well for future growth and market adaptability. Upcoming releases like the Nintendo Switch 2 and The Super Mario Bros. sequel are expected to drive growth, leveraging Nintendo's strong IP and customer base.
With Nintendo (NTDOY) launching the DS 20 years ago, Yahoo Finance Tech Editor Dan Howley sits down with Wealth! Host Brad Smith to check in on the world of portable gaming and the companies involved in the gaming push like Apple (AAPL), Dell (DELL), Lenovo (0992.HK), Sony (SONY), Microsoft (MSFT), and Nvidia (NVDA).
Tencent Nintendo Switch said on Tuesday that its Chinese online service would gradually cease operations for the Nintendo eShop starting from March 31, 2026.
Is Nintendo's business headed for weak performance this holiday season?