Japanese gaming firm’s inventory value falls as a lot as 7.2 % as teaser for brand spanking new console fails to impress.
Nintendo shares have taken a tumble after the gaming big’s hotly anticipated reveal of its follow-up to the Swap left some followers disenchanted.
The Japanese gaming firm’s inventory value fell as a lot as 7.2 % on Friday after a teaser video for the Swap 2 urged the console can be broadly much like its wildly well-liked predecessor.
The corporate recovered a few of its losses within the afternoon, with its share value down about 4.2 % as of 4pm native time.
“Nintendo performed it secure. Swap 2 seems underwhelming at finest and a very unexcited rehash of the identical outdated standard at worst,” gaming YouTuber TwoQuickOnes mentioned in a put up on X.
Whereas Nintendo’s teaser didn’t present technical specs, it confirmed a tool with a virtually equivalent look and type to the unique hybrid console.
In contrast with the unique Swap, the brand new console has a bigger display screen and options controllers that snap on to the system as a substitute of sliding into place as earlier than.
The 2-minute teaser additionally revealed a brand new instalment within the long-running Mario Kart sequence of video games.
The Kyoto-based firm mentioned it might reveal extra particulars concerning the console at a Nintendo Direct occasion on April 2.
The Swap, launched in 2017, has bought greater than 146 million items worldwide, making it the third hottest console ever after Sony’s PlayStation 2 and Nintendo’s DS.
The console’s explosive recognition helped restore Nintendo to regular profitability after years of weak gross sales of the poorly obtained Wii U console.
