Nintendo's share price fell nearly 6 per cent on news that the release of its new console has been postponed
Over the past few months, Nintendo's share price has reached record high s and surpassed the figures for 2007, the best year in the Japanese company's history.
However, last week, the media reported that Nintendo has postponed the release of a new game console to the first quarter of 2025, although it was previously thought that the device would be released in 2024.
The stock market reacted to this news with an immediate drop in the value of Nintendo shares.
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On the Tokyo Stock Exchange, Nintendo shares fell 5.84% in a week and are valued at 8,356 Japanese yen ($55.65 at current exchange rates) at the time of writing the news.
Analysts believe that while this decline may continue, it is unlikely to be long-term, as they believe that after the announcement of the Nintendo Switch 2 (the name is conditional) and the start of its sales, the Japanese company's share price will not only return to its previous level, but will exceed it.
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Source: Bloomberg