Nintendo Shares Plummet 6% As Rumored Switch 2 Handheld Console Faces Potential Delay
Portfolio Pulse from Benzinga Neuro
Nintendo Co (OTC:NTDOY) shares dropped 6% amid reports of a potential delay in the launch of its next-generation console, rumored to be the Switch 2, until early 2025. The delay is a deviation from the original plan to release the console later this year. Despite no official confirmation from Nintendo about the successor to the Switch, expectations are high for the new device. The delay news follows earlier reports of a significant upgrade for the rumored console, including an 8-inch LCD screen, which faced criticism from fans.
February 19, 2024 | 10:27 am
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Nintendo Co's shares experienced a 6% decline following rumors of a delay in the launch of its anticipated next-generation console, potentially until early 2025.
The reported delay in the launch of Nintendo's next-generation console directly impacts investor sentiment and the company's stock price, as the new console is highly anticipated. The 6% drop in share price reflects immediate market reaction to the potential delay, indicating a negative short-term impact on NTDOY's stock. The importance of this news is high due to the significant role the next-generation console plays in Nintendo's product lineup and future revenue prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100