'Nintendo Switch Successor Reportedly Due Late 2024; Another Hybrid Console Expected' - EuroGamer
Portfolio Pulse from Happy Mohamed
Nintendo's next-generation Switch console is expected to debut in the second half of 2024. Development kits have been passed to third-party developers. The new console will reportedly feature an LCD screen to cut costs and will continue to read physical media via cartridge. However, there are questions about backwards compatibility. Nintendo's hardware sales are slowing, but software sales remain profitable. The company recently announced new games extending the current hardware generation into the first half of next year.
July 31, 2023 | 2:12 pm
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NEUTRAL IMPACT
Nintendo is set to release its next-gen Switch console in H2 2024. The new console will feature cost-cutting measures like an LCD screen. However, slowing hardware sales could impact the company's performance.
The news of Nintendo's next-gen console could generate excitement among investors and consumers, potentially driving up the company's stock price. However, the report of slowing hardware sales could have a negative impact. The overall effect on the stock price is uncertain, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100