Nintendo Co. plunged for a second day in Tokyo trading after the console maker said the planned smartphone games system that had helped its shares jump more than 80 percent would be delayed by at least three months.
The stock finished Friday 7 percent lower, bringing the two-day decline to 15 percent, the most since February 2009. That cut Nintendo’s market value to about $23 billion.
The Nintendo Switch 2 has set a new record by selling over 3 million units within 24 hours, tripling the PlayStation 4’s previous launch day sales.
No doubt, but.... the current price is out of the realm of the average parent / kid to buy like the SW1 was. So this launch achievement is from those of us with more disposable income.
The number of SW2 specific titles pales in comparison to the variety of SW1 games that get a performance boost right out of the box on this. And like the SX and PS5 before it, you can bet the majority are going to be using it as a means to better enjoy their existing titles that can benefit.
This may have been quick out of the gate... so was the WiiU. I quite enjoy it for what it is, but am keeping my expectations in check.
The Switch 2’s price point is great and fine and it’s still cheaper than the current gen of consoles aside from the Series S.
The only place I think they will fall short is their software sales, which also in turn may affect the hardware sales but not significantly. Parents will be fine paying for the system for their kids, but one look at an $80-$90 price tag for a single video game, that is where a lot of people will draw the line. Maybe not so much the people who are in the “willing to pay because I buy deluxe editions anyway” crowd, but for parents specifically, more sacrifices are gonna need to be made in their choices of gifts for their kids.
As a parent of 3 with a very modest income, it was very affordable bc I already had an immense library of games, and the Mario Kart bundle came out to only about €50 more than a standard bundle. Both Zeldas were upgraded w Family Expansion Pass that I already had. Many games were upgraded for free. The only additional game I bought was Fast Fusion for 14.99 which was a great purchase!
People seem to forget that the Switch was $299 at launch which in today's money is roughly $400. That makes the Switch 2 a $50 increase when inflation is taken into account compared to the original.
Yes, people have less spending power on average compared to 2017 (Switch launch year) but this is not the MASSIVE price hike that people are making out Nintendo to be doing.
“No doubt, but.... the current price is out of the realm of the average parent / kid to buy like the SW1 was. So this launch achievement is from those of us with more disposable income.”
It could also be many people rushing to buy to avoid any possible tariff hikes in the future, but I think it’s still a good sign that many people still want physical consoles. Congrats to Nintendo! I’m not getting one at this time though (unless I get it for a Xmas present for one of my kids).
Congratulations Nintendo on finding the happy medium between their weak console and their invincible handheld plus learning from Sony and clearly defining the new console from the old unlike their Wii and Wii U just add a higher number simple yet effective 👍👍
Nope. I didn’t research, I don’t own any Nintendo consoles and I had read on here something about $90 games on switch 2, so I guess it’s good now, people can calm down. Have a nice day :)
I bought the Switch 2 I won’t be buying games at MK prices. I don’t ever pay over £45 for my games. Even my Nintendo switch exclusives I never paid more than £33 for.
I think the typo you put was meant to be $80.
Anyway, the answer to those questions seem to be yes.
Don't get your news from clickbait TikTokers/YouTubers, only go to the source (Nintendo) or reliable new outlets like IGN.
No game is $90 on the Switch 2, and they will never go there. Most games will be under $80, too.
Its crazy that it's both the highest selling console on day 1 and people can walk into a store and buy it with no pre order
Yup while I was waiting in line from Best Buy for Switch 2, like I did for Switch 1 back in 2017, every waiting 12am was going to get a Switch 2! I was in the no preorder line too!
My friend manage to get 4 Switch 2s at his GameStop store, that was lowkey not busy at all. Got them all for himself and his family. Super easy to get a Switch 2 over PS5.
The struggle to get a ps5 was real had mates wait over 2 years for stock i got lucky and got it day 1 but still
I know and I also struggled getting a preorder for the PS5, when Walmart, Best Buy among other retailers open their preorders a day early before most of us realize it. I got my PS5 launch day thanks to YouTube Live Streamer Jake Randell. He helps people get preorders and launch consoles.
It’s funny how I got disagrees for speaking the truth for what I experienced getting the Switch 2. Nintendo had more copies of Switch 2 than Sony for the PS5.
Don’t be butthurt about this very fact. People on here disagreeing with crazy reasons lol
Yeah, I remember reading an article over two years ago with Nintendo stating that they were going to do all that they could to make sure their next console didn't have the PS5/XBox reseller swiping /no stock fiasco happen to them.
Looks like they made sure production met demand. Refreshing to see that the reseller thing didn't trend and I hope a lot of people who bought multiple units for the sole reason to resell then at $1000 are now stuck with them.
I remembered I tried 7 pre-order events during the PS5 launch. I gave up and ended up buying 1 from a scalper. But now, I already secured 1 pre-order Switch 2 unit in my country very easy and without problems.
Company skipped last year's event.
Not surprising at all.
I mean, they´ll be releasing a new console in a few weeks.
Nintendo has announced its financial results for the full fiscal year, alongside an update to Nintendo Switch shipments and more data, including a prediction for Switch 2 hardware and software.
well, the switch 2 has two holidays in the us, thanksgiving and Christmas.
so id say its fairly possible. the rest of the world will also grab them
Yeah doesn't seem out of the realm of possibility as long as they have enough supply.
Do people buy each other games consoles for Thanksgiving? I’m in Europe and always assumed it was just Christmas where gifts were exchanged.
That time is often referred to as the start of the Xmas shopping season. For the last few years, retailers would do 'black Friday' deals at various times throughout the year. While many still prefer to start their shopping in the mid to late November, others will just buy when they feel the time (and prices) are right for them.
Switch and Switch are a different kettle of fish. A sell out at launch by the diehards, strong sales, then the non diehards will be put off by the £75 ($99) games, including the stupid download cards which are topping £65 ($85). Not rocket science to work out how the Switch 2 is going to pan out. The PS5 has sold well, but games at £70, sales have been low. As game sales drop, prices will rise. Sony could knock out all their games for £40 and still make a killing selling more games. There's no denying that a gaming crash is looming.
I agree, I don't see the Switch 2 selling anywhere near the numbers that these predictions suggest or what the general buzz is implying. While the initial sales will likely be strong, driven by diehard fans, I anticipate a gradual decline. It may not drop off immediately, but over time, sales will inevitably taper.
Not paying for something that's not worth more than the price it was advertised, which is $449 - $499.
Honestly, this is depressing.
I understand that mobile gaming is a huge market. I just wish Wall Street didn't fawn over it so much.
so what!, Nintendo has lots of amiibos to sell and those will save them from all their troubles right ? right ?
LOL. So the value went up by 80% when mobile was announced and they lost 15% yesterday.. so they are still up by 65% from March?
Journalists are idiots.
Investors want to play Miitomo so bad.
That is by far the stupidest thing I've ever read..... Seriously......That's why the gaming market is so unpredictable. These guys think that this is what we want to play.....so because ninty delayed possibly one mobile game, everyone goes crazy.....wow.....
Sony is making money right now because they are responding to the gamer. Not a f***cking suit... Sorry for the curse word, but Wall Street don't represent the gamer.