The Switch’s successor was scheduled to be released at the end of this year, but according to media reports, the release of the console may be moved to next year.
The value of Japanese video game giant Nintendo’s shares fell by around eight percent on Monday in Tokyo. The dive was preceded by media reports that the release of Nintendo’s next-generation game console might be delayed until the beginning of 2025.
The successor to the popular Switch had been scheduled to be released at the end of this year, but according to the financial news agency Bloomberg Nintendo has informed several game companies that the release of the console may be moved to next year. In addition to Bloomberg, other media have reported on the possible delay based on their sources.
At the same time, the delay would mean that the gaming giant would not be able to take advantage of the important November-December shopping season. In addition to Christmas, Black Friday and Cyber Monday shopping events take place at the end of the year.
According to Bloomberg, Nintendo’s representative had said that the company has nothing to comment on.
The Switch, which functions both as a portable game console and as a more traditional game device that can be connected to a TV, became extremely popular among all age groups during the corona pandemic.
However, the enthusiasm has somewhat faded and the device is already getting old. Switch was released seven years ago. Despite the age of its current console, Nintendo has been quite silent about its future plans.
The stock market week started with steady signs
Otherwise, the stock market week in Tokyo started quite flat. The Nikkei index, which describes the general course development of the Tokyo Stock Exchange, was down 0.09 percent at the start of the trading day on Monday. The broader Topix, on the other hand, was up 0.04 percent.
On Friday in the United States, the New York stock markets closed lower after the latest inflation statistics dampened hopes that the US central bank, the Fed, would move quickly to cut its key interest rates. In Japan, on the other hand, the Nikkei ended the stock market week higher than in 34 years.
A market analyst at currency exchange company Monex Toshiyuki Kanayama according to the Japanese market †was expected to start lower due to losses in US stocks†.
Hong Kong’s Hang Seng index was down 0.47 percent on Monday morning. The Shanghai Composite index of the Shanghai stock exchange, on the other hand, was up by 0.28 percent and the Composite index of the Shenzhen stock exchange was down by 1.16 percent.