Nintendo Shares Drop After Switch 2 Preview

Nintendo's shares fell sharply by over 6% following the announcement of its next-generation Switch 2 console, which is set to release in 2025. The brief preview video revealed little new information, disappointing investors who had anticipated more details regarding pricing and specifications. Analysts noted that the new console appears to be a minor upgrade from the original rather than a significant reinvention, with features such as a larger screen and magnetically-attached Joy-Con controllers. Backwards compatibility was confirmed, but some older games may not be fully supported. The company plans to provide more specifics during an event on April 2 and will hold global events for consumers to experience the new console starting in early April. Despite the current drop, analysts expect stock prices to rebound as more information is released closer to the launch date.