TECH - Nintendo Shares Plummet 6% As Rumored Switch 2 Handheld Console Faces Potential Delay | Benzinga
In a recent development, the shares of Nintendo Co (OTC:NTDOY) have witnessed a 6% drop following reports of a potential delay in releasing the company’s next-generation console.
What Happened: The share price of Nintendo fell after both game media and Bloomberg suggested that the new console’s launch might be postponed until early 2025, Reuters reported on Monday. This is a significant shift from the initial plan of releasing the console later this year.
Although Nintendo has not officially confirmed any details regarding a successor to its current Switch console, it is widely anticipated that the company is working on a new device to replace the ageing Switch.
Nintendo is yet to respond to the queries sent by Benzinga.
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At an earnings briefing, Nintendo President Shuntaro Furukawa stated, “We want to maintain the ...