Latest rumors related to possible Release date postponed to Nintendo Switch 2which has actually not been officially announced yet, has caused quite a stir Nintendo stock decline.
For those who do not know what we are talking about, many were expecting the release of the next console for the Big N certainly during the second half of 2024. However, last weekend, journalist Pedro Henrique Lutti Lippe launched a rash, supported by well-known portals such as Eurogamer, VGC and Bloomberg , indicating that the debut of the new devices could be postponed to the first quarter of 2025.
This was enough to cause Nintendo shares to decline by up to 8.8% on the Tokyo Stock Exchange, before settling at Total loss 5.8%.
It is curious to note that the value of the Kyoto company's shares reached an all-time high (8,874 yen, approximately 54 euros) last week, thanks to reports that the Nintendo Switch 2 is expected to launch in the next few months. Right now, Nintendo shares Listed at 8,410 yen, about 52 euroswhich still represents a very high value by company standards.
The Kyoto stock market response may worsen in the coming weeks
However, as market analyst Mio Kato of LighStream Research points out,… Nintendo's stock value may decline further In the next few days, if the launch of the Nintendo Switch 2, and thus the games in development for the console, for 2025 is confirmed or supported by other reports.
“It seems like there are a lot of new buyers for Nintendo who may be less familiar with the brand and more patient with the company putting up hard numbers,” Kato said. “Nintendo's numbers for fiscal year March 2025 could start to look very bad if major software is delayed at the same time that existing hardware becomes very outdated.”
We repeat that at the moment Nintendo has never indicated a release period or any specific details about the Switch successor. Rather, he confirmed that the current console will also be supported in the coming years with new games.
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