Nintendo shares tumble as Change 2 reveal disappoints followers

Japanese gaming firm’s inventory worth falls as a lot as 7 p.c as teaser for brand new console fails to impress.

Nintendo shares have taken a tumble after the gaming large’s hotly anticipated reveal of its follow-up to the Change left some followers dissatisfied.

The Japanese gaming firm’s inventory worth fell as a lot as 7.2 p.c on Friday after a teaser video for the Change 2 recommended the console could be broadly much like its wildly in style predecessor.

The corporate recovered a few of its losses within the afternoon, with its share worth down about 4.2 p.c as of 4pm native time.

“Nintendo performed it secure. Change 2 seems underwhelming at finest and a very unexcited rehash of the identical outdated standard at worst,” gaming YouTuber TwoQuickOnes mentioned in a publish on X.

Whereas Nintendo’s teaser didn’t present technical specs, it confirmed a tool with a virtually an identical look and kind to the unique hybrid console.

In contrast with the unique Change, the brand new console has a bigger display and options controllers that snap on to the machine as a substitute of sliding into place as earlier than.

The 2-minute teaser additionally revealed a brand new instalment within the long-running Mario Kart sequence of video games.

The Kyoto-based firm mentioned it will reveal extra particulars in regards to the console at a Nintendo Direct occasion on April 2.

The Change, launched in 2017, has offered greater than 146 million models worldwide, making it the third hottest console ever after Sony’s PlayStation 2 and Nintendo’s DS.

The console’s explosive reputation helped restore Nintendo to regular profitability after years of weak gross sales of the poorly obtained Wii U console.