Nintendo Switch 2 Prospects: Can It Outshine The Original, Analysts Ask
Portfolio Pulse from Franca Quarneti
Analysts are skeptical about the success of Nintendo ADR's (OTC:NTDOY) anticipated Switch 2, comparing it unfavorably to the original Nintendo Switch. Goldman Sachs and Macquarie Group analysts express doubts about the new console surpassing the original's profits or expanding Nintendo's market. Despite concerns, including the choice of an LCD screen over OLED, Nintendo plans to produce 10 million units for a $400 launch in April 2024.
February 01, 2024 | 11:38 pm
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Nintendo ADR's upcoming Switch 2 faces skepticism from analysts at Goldman Sachs and Macquarie Group, questioning its ability to outperform the original Switch in profits and market expansion.
The skepticism from reputable financial analysts about the Switch 2's potential to surpass or even match the original Nintendo Switch's success could lead to negative investor sentiment in the short term. Concerns over the choice of an LCD screen and doubts about expanding the market could impact investor confidence and potentially affect the stock price negatively.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100