Video game company Nintendo announced that the launch was postponed The highly anticipated successor to the popular Switch console.
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Although fans expect its arrival at the end of this year, Nintendo has informed game developers that the release of the long-awaited ‘Switch 2’ will be postponed to the first months of 2025.
This announcement went unnoticed in the financial market, as there was a noticeable decline in Nintendo shares following this news. Initially, shares fell sharply, It experiences its biggest intraday decline since October 2021but later this rate dropped to 5.8%.
Nintendo’s decision to delay the release of Switch 2 also sparked speculation among investors. Last week, the company’s shares hit an all-time high in anticipation of a new launch in 2024.
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But this news remained Many investors are re-evaluating their positions Inside the market.
“There is growing impatience among new Nintendo buyers who are expecting visible numbers from the company,” said analyst Mio Kato of LightStream Research.
This effort towards concrete results may have influenced the company’s decision delaying both the console’s launch and its future games.
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Nintendo, known for its iconic series such as ‘The Legend of Zelda’, ‘Mario’ and ‘Splatoon’, also announced the following: is delaying the release of its next games. Since software accounts for a significant portion of its revenue, this strategy can impact the company’s business profitability.
Nintendo president Shuntaro Furukawa was coy when asked about the new console. But, realized that the current console achieved higher sales figuresWith more than 139 million copies sold to date, the game will be tough without a new release for the holiday season.
Despite these negativities, some investors see the decline in Nintendo shares as a buying opportunity.
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Bernstein analyst Robin Zhu suggests that further declines in the company’s share price could be an opportunity for those looking to invest for the long term, especially given its growth prospects. An announcement about new hardware within the next six months.
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*This content was rewritten with the help of artificial intelligence based on information published by O Globo (GDA) and reviewed by the journalist and editor.
Source: Exame
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
