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HomeBusinessNintendo Pushes Switch Successor to 2025, Shares Tumble.

Nintendo Pushes Switch Successor to 2025, Shares Tumble.

Nintendo Co. Ltd.’s (TYO: 7974) shares plummeted on Monday following a report by Bloomberg indicating that the company planned to push back the release of its highly anticipated sequel, the Switch console, from 2024 to 2025.

According to Bloomberg, Nintendo was telling some video game publishers not to expect the new system until at least March 2025, which is a delay from the company’s original 2024 launch expectations. Nintendo’s stock fell 7.3% to 8,234.0 yen by 19:33 ET (00:33 GMT), while the Nikkei 225 index as a whole saw little change.

Due to the delay, Nintendo will miss the crucial 2024 year-end holiday shopping season. Additionally, as the Switch’s life nears its end, sales of the system are starting to decline.
After the Nintendo DS and Sony’s Playstation 2, the Switch, which debuted in 2017, is the third-best-selling videogame console of all time, having sold close to 140 million units during its existence.

However, in light of the console’s apparent lack of processing capacity, particularly in comparison to the more modern Xbox Series X and PlayStation 5, sales have declined in recent years.

Nintendo had begun developing a successor to the home/hybrid system at this point.

According to recent reports, the company had even shown some new hardware to big-name game developers.

The Switch continued to be a major source of revenue for Nintendo even though sales had slowed down in recent quarters, largely because of its first-party, exclusive games. The Legend of Zelda: Tears of the Kingdom and Super Mario Bros. Wonder were among the games that contributed to the console’s 2023 lifespan extension.

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