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Nintendo Shares Plunge After Switch 2 Announcement as Investors Disappoint

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Nintendo Shares Plunge After Switch 2 Announcement as Investors Disappoint
Last week, Nintendo officially unveiled the Switch 2 console, but its debut was met with mixed reactions. Despite the long-awaited announcement, the trailer for the device disappointed many, including investors. This was reflected in the stock market, with Nintendo shares falling 7.2% immediately after the announcement. They later recovered, but never reached the level recorded before January 16.

Nintendo Shares Plunge After Switch 2 Announcement as Investors Disappoint


While Nintendo's financial position remains stable, the situation with the stock highlights that the first reveal of the Switch 2 did not live up to expectations. One of the reasons for this was the leak of information that revealed key details in advance. However, the main dissatisfaction was caused by the lack of significant innovation in the console - the teaser showed almost no improvements or unique features compared to the original Switch.

The full presentation of the Switch 2 is scheduled for April 2. According to insider Jason Schreier, Nintendo published the first trailer to give third-party developers the opportunity to start showing projects for the new platform.
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