Nintendo Switch 2's reveal led to a -5.1% stock drop. I am shifting from 'neutral with positive inclination' to 'completely neutral' on Nintendo. JPY fluctuations impact Nintendo's USD performance as well as reported earnings. With hit-console Nintendo Switch at the end of its 8th year and earnings declining sharply, it was about time for an official next-gen announcement.
Serkan Toto, CEO of Kantan Games, says Nintendo will have "no problem" selling the Switch 2 in the first year and adds that he is more "concerned" about subsequent years of sales.
Nintendo showed off its new Switch 2 console in a video trailer Thursday, featuring a bigger display and joy controllers. ➡️ Nintendo said its long-awaited new Switch 2 hybrid will be available this year, as the company looks to breathe new life into its struggling hardware business.
Nintendo stock fell sharply on Friday, after having rallied to a record high, as the company was coy about its plans for the Nintendo Switch 2 gaming device.
Nintendo shares tumbled as much as seven percent on Friday after the Japanese games giant failed to impress with a teaser video of its hotly awaited Switch 2 console.
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.