Did Nintendo Switch Successor Rumors Cause Stock Price To Drop?

gameranx.com:

Nintendo is a company that has always played things “close to the vest,” and that’s helped it more times than not over the years. Yes, they do occasionally have leaks, mainly from a certain fighting game, but most times, they’re able to keep things under wraps. When that happens, “insiders” will come out of the woodwork and make bold, wide-sweeping guesses as to what is happening with The Big N and what they’ll do next on the hardware and software side. That brings us to the latest reports about the Nintendo Switch Successor. No, not “rumors” about it, reports because this one has to deal with The Big N’s stock prices.

Confused? Well, not too long ago, it was believed that the Nintendo Switch Successor would be released within 2024. This was “backed up” by the fact that The Big N had only announced a few “light” 1st party titles coming exclusively to Switch in 2024, and there are currently no significant 3rd party titles to bolster the ranks. There was even a rumor about how Nintendo might be ready to announce the system in March!

However, new rumors popped up last week stating that the Switch Successor had actually been pushed back to 2025! As in, we’d be waiting over a year for things to finally come out. Those rumors stated that The Big N did this to help bolster their software lineup. That brings us to now, where Bloomberg has reported that Nintendo’s stock prices dropped by 5.5% over the last several days thanks to these new rumors. This is in contrast to what was happening just a few weeks before when the stock price hit an all-time high.

Many analysts were brought in on the article to “weigh in” their thoughts, and as you might have guessed, they each had different feelings on the matter. Some felt that this was a “natural” thing to happen and that the stock prices would easily bounce back once something was announced. In contrast, others felt that this could be a bad thing thanks to how Nintendo possibly won’t “bolster its software lineup” in 2024, leading