Nintendo shares experienced a 6% decline on Monday following reports from gaming media and Bloomberg suggesting a delay in the release of its next-generation console.
The anticipated launch, initially expected later this year, is now rumored to be postponed until early 2025.
Although Nintendo has not officially disclosed details about a successor to its existing Switch console, the company has acknowledged ongoing efforts in developing new hardware and software.
It is widely speculated that Nintendo is planning to introduce a new device to succeed the aging Switch console.
Despite these speculations, earlier this month, the Kyoto-based gaming firm raised its full-year sales forecast for the Switch. The hybrid home-portable device continues to attract consumers, even as it approaches its eighth year in the market.
During an earnings briefing, Nintendo President Shuntaro Furukawa expressed the company's commitment to sustaining the momentum of the Switch business.
Paraphrasing text from "Reuters" all rights reserved by the original author.
