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Nintendo’s Switch 2 reveal falls flat, shares tumble 7%
- Global gaming market growth slowed to 0.2% in 2024, led by mobile games.
- Hardware sales in the US fell 24% in 2024, reflecting market pressures.
- Nintendo’s fiscal 2024 revenue forecast was cut to ¥1.28 trillion ($8.2 billion).
The long-anticipated unveiling of the Nintendo Switch 2, revealed in a short teaser video, has left the gaming industry and investors with mixed reactions. Nintendo’s shares dropped 7% at market open following the announcement, recovering slightly but closing down 4.3%. The lack of substantial details about the console’s features and software lineup raised concerns over […]
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