The Japanese gaming company’s share price fell as much as 7 percent as the teaser for the new console failed to impress.
Nintendo shares fell after the gaming giant’s eagerly awaited reveal of its Switch sequel disappointed some fans.
The Japanese gaming company’s share price fell as much as 7.2 percent on Friday after a teaser video for the Switch 2 suggested the console would be largely similar to its wildly popular predecessor.
The company clawed back some of its losses in the afternoon, with its share price down about 4.2 percent by 4 p.m. local time.
“Nintendo played it safe. Switch 2 looks underwhelming at best, and a completely unexcited rehash of the same old at worst,” gaming YouTuber TwoQuickOnes said in a post on X.
Although Nintendo’s teaser did not provide technical specifications, it showed a device with an almost identical look and shape to the original hybrid console.
Compared to the original Switch, the new console has a larger screen and features controllers that attach to the device instead of sliding into place like before.
The two-minute teaser also revealed a new installment in the long-running Mario Kart game series.
The Kyoto-based company said it will reveal more details about the console at the Nintendo Direct event on April 2.
The Switch, released in 2017, 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 explosive popularity helped return Nintendo to steady profitability after years of poor sales for the ill-received Wii U console.
