Nintendo’s stocks in Japan took a hit following reports suggesting that the launch of the Switch successor might be delayed until Q1 2025. The company had recently seen a surge in stocks driven by anticipation for the rumored Switch 2. However, news of the potential delay, initially reported by Brazilian journalist Pedro Henrique Lutti Lippe and later supported by VCG and Eurogamer, has dampened investor enthusiasm.
According to Bloomberg, Nintendo’s stocks experienced a significant drop of up to 8.8% on the Tokyo Stock Exchange after the report surfaced, ultimately resulting in an overall loss of 5.8%. While this decline represents a setback from the record-high stocks seen in January, it’s still a respectable figure for the company.
Analysts have differing views on the future trajectory of Nintendo’s stocks. LightStream Research’s Mio Kato suggests that the stocks could continue to decline as investors grow impatient for tangible results from the company. On the other hand, Bernstein’s Robin Zhu believes that stocks might rebound as investors view the dip as a buying opportunity. Zhu remains optimistic about an announcement regarding the Switch successor within the next six months.
As speculation about Nintendo’s future persists, stock prices are likely to fluctuate. However, concrete information from Nintendo will ultimately provide clarity on the situation. Until then, investors and fans alike will have to wait for an official word from the gaming giant.
