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Nintendo will release the successor to its Switch console as early as March 2025, according to a report published on Monday by Nikkei.
Nintendo Switch 2 Launch Delayed to 2025, Shares Dip Amidst Market Speculation
According to Nikkei (via Reuters), while market observers had anticipated the release this year, the organization placed emphasis on optimizing the initial sales process of the successor.
Last week, Nintendo shares declined following a report that speculated the release of the Switch 2, the subsequent iteration of the company's primary gaming console, would be postponed.
In Japan, Nintendo's stock closed down 5.84%.
Bloomberg previously reported, citing sources with knowledge of the matter, that Nintendo informed game publishers that the Switch 2 would be delayed until early 2025.
According to the report, Nintendo had aimed to release the console by the end of this year but informed game developers that it could potentially slide into next year.
Nintendo did not promptly respond to a request for comment upon being contacted.
Nintendo's Stock Rises on New Console Hype, Despite Potential Switch Successor Delay
Analysts who previously stated their anticipation of releasing a new Switch console in the latter part of this year concurred with CNBC.
A portion of the 53% increase in Nintendo's stock price over the past year can be attributed to investors anticipating the release of a new console, which could provide a boost to the Japanese gaming behemoth.
Despite its nearly seven years old, Nintendo has maintained momentum for the Switch by releasing "Super Mario Bros. Movie" and a new Zelda game that has increased interest in the device.
Nintendo increased its sales forecast for the Switch for the fiscal year ending in March from 15 million units to 15.5 million units this month.
The organization has maintained a tight-lipped stance regarding the successor to the Switch. A device delay and early 2025 release would result in the omission of the crucial holiday season in December.
Photo: Daniel Rykhev/Unsplash
