Nintendo shared a slide responding to reports that the Switch sequel will be delayed until 2025.
Shares of Nintendo Co. fell in Tokyo trading on Monday after Bloomberg News reported that the company would delay its next-generation video game console until 2025.
Bloomberg says Nintendo 7974;
The successor to the Switch console won’t be released until March 2025 at the earliest, some game publishing partners have been told. It was expected to occur in late 2024.
Bloomberg reports that the delay likely means Nintendo will also delay releasing major new games until the new console comes out. The Switch was released in 2017.
Nintendo did not immediately respond to a request for comment.
Nintendo shares fell about 7% in Tokyo. The stock price has risen more than 50% over the past year and hit an all-time high last week.
The video game company reported earnings earlier this month and now says it expects to sell 15.5 million Switch consoles by March. This is an increase from the previous forecast of 15 million units. However, sales decreased by 6% compared to the same period last year. Nintendo did not provide a timeline for the Switch’s successor in its report or earnings call, but did say that “preparing new hardware takes a long time and thorough planning.”
