Nintendo just announced the Switch 2, but the console’s soft debut has left a sour taste in shareholders’ mouths.
The gaming giant recently posted an announcement video showing off the Switch 2, but reactions from fans and consumers alike have been lukewarm and mixed. As a result, Nintendo’s (NTDOY) share price fell sharply Friday, hitting a loss as high as 6.1% (according to Yahoo Finance’s stock chart).
The drop occurred immediately at market opening; Nintendo’s share price opened at 14.88, a 4.9% drop from the prior day’s close. The stock settled at 14.81, or a 4.99% loss, by end of day.
The announcement trailer primarily showed the design of the Switch 2, focusing on the new magnetic attachment system for the removable controllers. More information will be available during the company’s April 2nd Nintendo Direct event. Until then, gamers are left wondering what exactly the Switch 2 will be capable of.
Overall reactions from both the press and individuals are quite mixed. While some are excited for the next iteration of Nintendo’s popular hybrid console, others feel it is too similar to the current Switch (curr. $274.59 on Amazon) and doesn’t do enough to change the gaming paradigm in the way its predecessor did.
Some analysts have high hopes for the Switch 2, claiming it will sell over 20 million units in its first year. For reference, the original Switch launched in March 2017 and sold 15 million units in 2018.
I’ve been a computer geek my entire life. After graduating college with a degree in Mathematics, I worked in finance and banking a few years before taking a job as a database administrator. I started working with Notebookcheck in October of 2016 and have enjoyed writing news and reviews. I’ve also written for other outlets including UltrabookReview and GeeksWorldWide, focusing on consumer guidance and video gaming. My areas of interest include the business side of technology, retro gaming, Linux, and innovative gadgets. When I’m not writing on electronics or tinkering with a device, I’m either outside with my family, enjoying a decade-old video game, or playing drums or piano.
Source link