LogInThe decline in stock is closing to 8%.
Image credit: Wachiwit/Shutterstock.com
After Bloomberg published its report on Monday, stating that Nintendo has delayed the release of the Switch 2 to the "early months of 2025" and emphasizing that the company will miss "the key holiday shopping period" of late 2024, which is typically when consoles are launched, the shares of the Japanese giant have significantly dropped.
On January 19, in response to the delay situation, Nintendo's shares declined by nearly 6%. At the moment of writing, the stock decrease has widened to approximately 8%.
As for Nintendo, the company has remained silent and hasn't yet issued an official statement on the matter.
Previously, we reported that the company increased its forecast for Switch sales in the current fiscal year ending in March from 15 million units to 15.5 million units. So, let's see whether the stock situation will affect the projection in any way.
Sharing some good news, Nintendo's console recently hit 139 million units sold, with Super Mario Bros. Wonder selling nearly 12 million copies.
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