The Japanese gaming company’s stock price fell by as much as 7 percent as the teaser for the new console failed to impress.
Nintendo shares fell after the gaming giant’s anticipated reveal of its follow-up to the Switch left some fans disappointed.
The Japanese gaming company’s stock price fell as much as 7.2 percent on Friday after a teaser video for the Switch 2 suggested the console would be broadly similar to its hugely popular predecessor.
The company recovered some of its losses in the afternoon, as its share price fell by about 4.2 percent as of 4 p.m. local time.
Nintendo played it safe. “The Switch 2 looks disappointing at best, and a completely unexciting rehash of the same old at worst,” gaming YouTuber TwoQuickOnes said in a post on X.
Although Nintendo’s teaser didn’t provide technical specifications, it showed off a device with an almost identical look and feel to the original hybrid console.
Compared to the original Switch, the new console has a larger screen and features controllers that clip onto the device rather than sliding into place as before.
The two-minute teaser also revealed a new installment in the long-running Mario Kart series.
The Kyoto-based company said it will reveal more details about the console at its Nintendo Direct event on April 2.
Released in 2017, the Switch has sold more than 146 million units worldwide, making it the third most popular console of all time behind Sony’s PlayStation 2 and Nintendo’s DS.
The console’s massive popularity helped return Nintendo to consistent profitability after years of weak sales for the poorly received Wii U console.
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