Nintendo Switch Successor Delay 2024 : Impact on Stock & Future Releases

Nintendo's stock took a hit, dropping 6% 

Tokyo, Feb 19 (Reuters) - Gamers, brace yourselves! Nintendo's stock took a hit, dropping 6% after whispers that their next-gen console might not hit the scene until 2025. Yep, you heard it right – the successor to the Switch might be delayed from its expected late 2024 release.

Now, Nintendo's keeping things on the down-low, not spilling the beans about a new console. But, c'mon, we've all been expecting something fresh to follow up the legendary Switch.

Nintendo’s been riding high on the Switch wave, recently boosting its full-year sales forecast. Their hybrid marvel still pulls in fans even after nearly eight years in the game.

Why the delay? No official word yet, but Bloomberg reports suggest that Nintendo whispered to game-publishing pals, advising them not to hold their breath until March 2025 for the mystery console.

📉 Shares Take a Dive 📉

Bloomberg reports

Shares took a nosedive – an 8.8% drop, the biggest since 2021. Investors who rode the Nintendo hype to an all-time high last week might be feeling a bit antsy now.

Analysts like Mio Kato reckon the delay could ding Nintendo’s numbers for March 2025. With the hardware aging and key software on pause, it’s a rough time.

💼 The Business Behind the Games 

What's the big deal? Nintendo’s sitting on a goldmine – its games. And here’s the kicker: it might keep the big guns (Zelda, Mario, Splatoon) locked up until the new console drops.

Nintendo President Shuntaro Furukawa played it cool, dodging hardware questions. But with 139 million Switch units already out there, selling more without a Switch 2 during the holidays could be a challenge.

🤔 What’s Next? 

Investors might see this dip as a chance to snag Nintendo shares at a bargain, thinking the new console will still drop within the next six months. The plot thickens!.