MW Nintendo stock sees its worst drop in three months. Switch 2 plans were vague.
By Steve Goldstein
Nintendo stock fell sharply on Friday, after having rallied to a record high, as the company was coy about its plans for the Nintendo Switch 2 gaming device.
The Japanese gaming company provided its first video on the device, which it says will be able to handle games that work on the current Switch device, though some will not work.
But the device won't be released for months. There will be a Nintendo Switch 2 presentation on April 2, and consumers in New York will get the first look at the device between April 4 and April 6.
Nintendo also didn't release the price point or give other key details.
Nintendo stock (JP:7974) $(NTDOY)$ fell 5% in Tokyo trade. The shares are still up 13% over the last 52 weeks.
-Steve Goldstein
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January 17, 2025 04:00 ET (09:00 GMT)
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