Nintendo Shares Drop 6% as Reports Indicate Delay in Launch of Next-Gen Console
Shares of Nintendo (7974.T) experienced a 6% decline on Monday following reports from gaming media and Bloomberg suggesting a delay in the release of the company’s next-generation console. According to the sources, the launch, initially expected later this year, may be postponed until early 2025.
While Nintendo has not officially commented on its plans for a successor device, the Kyoto-based gaming giant has previously mentioned its ongoing efforts in developing new hardware and software. Speculation is rife that Nintendo is gearing up to introduce a new device to succeed its aging Switch console.
Despite the uncertainties surrounding the upcoming console, Nintendo recently raised its full-year sales forecast for the Switch. The hybrid home-portable device continues to attract consumers, maintaining momentum even as it approaches its eighth year in the market.
Nintendo President Shuntaro Furukawa emphasized the company’s commitment to sustaining the success of the Switch business during an earnings briefing earlier this month. As the gaming community eagerly awaits official announcements from Nintendo, the market remains watchful for any updates on the potential launch and features of the rumored successor console.