"Nintendo's Tough Year: Delayed Release of Switch 2 Impacts Stock and Consumer Decisions"

Nintendo's shares dropped 6% following reports suggesting that the release of its next-generation console, expected to succeed the aging Switch, will be delayed until early 2025 from later this year. Despite not confirming specific plans, the Kyoto-based gaming company has hinted at ongoing hardware and software development, and recently raised its full-year sales forecast for the Switch as it continues to attract consumers.