Nintendo stock slides 7% as Switch 2 announcement underwhelms

Analyst says lack of surprise drove down share price

20250117 switch

Tourists try out the Nintendo Switch at Narita Airport near Tokyo. As of September 2024, the Japanese gaming giant had sold 146 million units of that machine. (Photo by Konosuke Urata)

CHIHIRO ISHIKAWA, Nikkei staff writer

TOKYO -- Nintendo stock dropped sharply on Friday after the company's announcement late the night before that it would release its next-generation Switch 2 console in 2025 contained little to surprise markets.

Soon after trading started, the video game giant's share price plunged as much as 7.2% from the previous day's close to 8,898 yen. That came after it had touched highs in the run-up to the announcement, which included a short video showing the long-awaited console but did not reveal details such as its price or an exact release date.

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