Nintendo's next console will reportedly arrive in 2025, company shares drop
The console was previously rumored to be released later this year.
Following rumors that Nintendo planned to release a successor to the Switch in the second half of 2024, inside sources now claim that the console will arrive next year, causing the company's stock price to fall.
The details:
As reported by Brazilian journalist Pedro Henrique Lutti Lippe and later corroborated by Eurogamer, VGC, and Bloomberg, Nintendo plans to release "Switch 2" in Q1 2025, after it reportedly informed third-party publishers.
Previously, it was claimed that the console would be released in the latter half of 2024, with development kits being distributed to its partners. The new system is expected to follow a similar timeline to the Switch, which was revealed in 2016 but released in March.
As spotted by Bloomberg, news of the internal delay has resulted in a 5.8% drop in the company's share value, just a week after it reached an all-time high of 8,874 JPY ($59 USD).
The Switch successor is expected to be significantly more powerful than the previous console, with tech demos shown behind closed doors at Gamescom reportedly displaying ray-tracing and DLSS capabilities.
Although it only has a few releases planned for the rest of 2024, Nintendo has confirmed that it will not abandon the Switch just yet, after it recently became the best-selling system of all time in Japan. President Shuntaro Furukawa previously stated that new software is still planned for the next fiscal year, which ends on March 31, 2025.
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