The Nintendo Switch 2 was officially announced yesterday after months of rumors and leaks, but it seems investors weren't impressed, as the company's shares fell as much as 7.2% after the reveal.
As reported by the Wall Street Journal, despite a 26% gain in Nintendo's stock price ahead of the announcement, it seems the hype wasn't worth it for a lot of investors. According to Tomoichiro Kubota, a senior market analyst at Matsui Securities, the lack of specifics around price, software plans, or launch date are the issue. "Without these details you can't establish earnings forecasts," he says.
