Nintendo's Stock Takes A Hit After Switch 2 Delay Rumors

Nintendo has been riding high for quite a while, especially after the continuous success of numerous first-party titles such as Legend of Zelda: Tears of The Kingdom, Pikmin 4, and Super Mario RPG. Alas, all good things must eventually come to an end, and the gaming giant has been knocked down a few inches after the company's stock price decreased by 8.8% in the Japanese stock market. The reason for this is because of the expected delay announcement of the Nintendo Switch 2 which was expecting a late 2024 release.

Despite the decrease in stock value, the gaming giant has yet to reassure its current shareholders that the company will soon recover the lost stock trade value. There truly is no company quite like Nintendo, the gaming giant has been considered to be in a league of its own when it comes to its console releases, as well as its first-party releases which have continually seen high praise from both critics and fans alike. However, many fans have recently grown dissatisfied with the company, especially with its lack of clarity on what exactly the Nintendo Switch 2 is and what are, the specs of the console, with the only pieces of information surrounding the console being rumors and speculation.

 

As mentioned before, the company's releases have been continually successful, so much so that the company saw the value of its stocks reach an all-time high in 2023. However, while its upcoming console release has plenty of hype surrounding it, rumors of a possible delay announcement have caused a lot of Nintendo's shareholders to sell their stocks leading to the value of the company's stocks to decrease significantly. There is speculation surrounding the selling of stocks as Nintendo has yet to make any official statement regarding the stock value drop or the delay of the Nintendo Switch 2. It should be noted that stock analysts have said it is likely that the company would easily regain its lost stock value.

If the speculated Switch 2 delay announcement is made, we may see a rather weak year in terms of software. While that may be the case, there is still plenty of hype surrounding several of Nintendo's upcoming titles, including Luigi's Mansion 2, Unicorn Overlord and of course, Princess Peach: Showtime. Many individuals are encouraging others to take advantage of the hype and purchase stocks while the prices are still low and its value recovery is just around the corner.

Daman Shelley (@UndeadandTired)
Editor, NoobFeed