Nintendo Next-Gen Console To Release In 2024 With A Surprising Screen Choice: Report
Portfolio Pulse from Franca Quarneti
Nintendo Company Ltd. (OTC:NTDOY) is reportedly developing its next-gen console, set to release in the second half of 2024. The console will have a portable mode option and may launch with an LCD screen to lower production costs. The console will continue to support physical games through a cartridge slot. However, the support for backwards compatibility with Switch games remains uncertain.
August 04, 2023 | 10:10 am
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NEUTRAL IMPACT
Nintendo's next-gen console, set for release in 2024, may impact the company's stock positively if it is well-received by the market. However, the uncertainty around backwards compatibility with Switch games could be a concern for investors.
The development of a new console could potentially boost Nintendo's stock if it is successful and well-received by the market. However, the uncertainty around the console's compatibility with Switch games could be a concern for investors, as it could impact the console's sales and, consequently, Nintendo's revenues.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100