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· Posted on
February 26, 2024

Nintendo faces Bowser-sized problem after it warms of a delay in the release of its latest Switch

Nintendo has announced a delay in releasing its next console until March 2025 and this news has sent their shares sinking almost 9%.

What's the key learning?

  • The new console was meant to be released in time for Christmas shopping, but now Nintendo will be missing out on the holiday earnings boost.
  • As the gaming industry faces a slowdown, gaming companies are looking for new ways to offset its revenue decrease.
  • Gaming companies like Nintendo are looking to leverage their 'brand' to broaden into other industries.

👉 Background: Nintendo is the Japanese video game company that started up in 1889 as a playing card company. Since then, it's created the addictive gaming consoles like the Game Boy, the Nintendo DS, the Nintendo Wii, and last but not least, the Switch, which is estimated to be the third-best selling console ever.

👉 What happened: Now, Nintendo has announced a delay in releasing its next console until March 2025 and this news has sent their shares sinking almost 9%. The new console was meant to be released in time for Christmas shopping, but now Nintendo will be missing out on the holiday earnings boost.

👉 What else: The new console was meant to be released in time for Christmas shopping, but now Nintendo will be missing out on the holiday earnings boost.

What's the key learning?

💡As the gaming industry faces a slowdown, gaming companies are looking for new ways to offset its revenue decrease.

💡So now, gaming companies like Nintendo are looking to leverage their 'brand' to broaden into other industries.

💡Over the past few years, we've seen:

‍

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