Eight months after Nintendo first teased its next video game console, buried unceremoniously in an X post, the Japanese video game giant formally unveiled the “Nintendo Switch 2” in a short teaser video on Thursday. The next Switch was perhaps the video game industry’s worst-kept secrets, as rumors about the new hardware swirled on social media.
But investors weren’t excited by Nintendo’s tease. The company’s shares slid by as much as 7% when markets opened. While shares pared back losses over the day, they are still down 4.3% by market close.
