Nintendo Co. stock plunges in Tokyo as next-gen console delayed until 2025
Tokyo, Japan – Nintendo Co. saw a significant drop in its stock price on the Tokyo Stock Exchange as Bloomberg News reported that the company would be delaying the release of its next-generation gaming console until 2025.
According to the report, some of Nintendo’s gaming industry partners claim that the release of the Switch successor, originally anticipated to be announced by the end of 2024, will now be postponed until at least March 2025.
The delay is likely to affect the release of Nintendo’s flagship new game until the next console is announced. Nintendo had released the Switch gaming console back in 2017.
Nintendo has not yet responded to requests for comment on the delay.
The stock price of Nintendo in Tokyo fell by approximately 7%. Over the past year, the stock has seen an increase of more than 50%, hitting historic highs earlier this week.
(Disclaimer: This article is based on information from MarketWatch. MarketWatch is owned by the Dow Jones & Company, but operates independently from Dow Jones and The Wall Street Journal.)