Mixed reaction to Nintendo Switch 2 announcement impacts company shares

Mixed reaction to Nintendo Switch 2 announcement impacts company shares

Nintendo recently presented the Switch 2 via a two-minute teaser video, highlighting a design similar to the previous model, but larger, and confirming the continuity of the hybrid functionality. However, the lack of technical details, price and exact release date disappointed investors and analysts. As a result, the company’s shares fell by as much as 7.2% on the Tokyo Stock Exchange, closing down 4.2%.

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Nintendo plans to reveal more information at an event scheduled for April 2, followed by hands-on sessions for users at the end of May, hinting at a possible launch in June. Among the games announced is a new version of Mario Kart, as well as compatibility with the original Switch games.

Analysts believe that the situation could improve as more details are released, especially considering Nintendo’s challenge to revitalize its sales and compete with console upgrades from rivals such as Sony and Microsoft.

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