Nintendo stock collapses
The new Switch apparently won’t come until 2025
February 19, 2024, 3:43 p.m
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Last week, Nintendo recorded a new all-time high on the stock market. Investors are hoping for a new console for Christmas. However, the start of sales is unexpectedly delayed. This is anything but good for the share value.
According to several media reports, the start of sales of the next generation of the Nintendo Switch has been delayed. The company has informed several game manufacturers that the new console will not be released until the beginning of 2025. This also means that the next console would miss the important holiday shopping season, which is usually the ideal time for new console launches.
A company spokesman initially did not want to comment on the reports, but the consequences were already clearly noticeable on the stock market. At the start of trading, Nintendo shares lost 8.8 percent. Just last week, the stock hit a new all-time high as investors looked ahead to the release of the next generation over the next few months.
New Switch eagerly awaited
The previous Switch console has been on sale since March 2017 and has since been sold over 139 million times. Nintendo has also launched two successful game series with over 60 million copies sold, the “Legend of Zelda” games and “Mario Kart 8 Deluxe”. This means that the handheld hybrid device has maintained enthusiasm longer than other consoles.
Nintendo itself has not commented on its plans for a successor device. But since the company hasn’t announced much new games for this year, many people are expecting the Kyoto-based company to be planning a new device to replace its aging Switch console.