After the delay of a highly-anticipated announcement, Nintendo stocks take a dip, though analysts assure traders that prices will recover.
Following the reported delay of an expected announcement regarding the Switch 2, Nintendo stock prices dropped 8.8% in Japan’s stock market, though analysts expect the gaming giant’s market value to recover quickly. Traders were influenced by rumors of the Switch 2 release getting delayed from late 2024 to Q1 2025, resulting in an abrupt sale of shares. However, market analysts expect upcoming releases and official confirmations to reassure shareholders and recover the loss in trade value.
One of the biggest names in the video game industry, Nintendo is considered by many to be in a league of its own when it comes to the console market and first-party IPs. Nintendo has seen massive spikes in its brand profitability since the release of the Switch, as well as with major promotions like The Super Mario Bros. Movie and Super Nintendo World at Universal Studios theme parks. In spite of this continued success, recent industry rumors influenced the abrupt drop-off of stock prices in the Japanese market.
