Nintendo sees biggest stock drop in a year due to Switch successor delay rumors
From the highest of highs...
Nintendo hasn’t shared any specifics on their next piece of gaming hardware, but that hasn’t stopped the rumor mill from churning on what the platform is, the features it includes, and when it’s coming out. It’s that last rumor in particular that has now caused a considerable real-life impact on Nintendo.
On Friday of last week, rumors from multiple sources claimed that Nintendo had reached out to game publishers and developers to let them know that the Switch’s successor wouldn’t see release in late 2024 as originally planned, but would instead be pushed into 2025. In particular, it’s claimed that Nintendo said the successor would launch March 2025 at the earliest.
Investors have been very high up on Nintendo in recent months due to continued Switch success, the blockbuster release of The Super Mario Bros. Movie, and expectations for Nintendo’s next piece of gaming hardware. Following the Switch successor delay rumors, Nintendo’s stock has now fallen 8.5%, making for the company’s biggest intraday drop in a year.
Add Comment
Most Upvoted
koopzilla
A rumor about a rumor about a rumor has sent stock prices falling. This kind of stuff is why I don't buy stocks.
koopzilla
2M agoA rumor about a rumor about a rumor has sent stock prices falling. This kind of stuff is why I don't buy stocks.
kingbroly
2M agoI'm not really all that concerned about this.
sdsichero
2M agoHow annoying. I could see if it missed an announced release date, but sheesh.
smasher89
2M agoSo what they are saying its an oppoturnity to buy if you expect it to top switch sales i guess.
tendonin
2M agoAfter all these years Nintendo investors are still comically impulsive. Wether the buzzword is “mobile” or “delay” or “no, we don’t own the entirety of Pokemon” it’s practically a Pavlovian response.
Comments (5)