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Shares in Nintendo were up 5.8% today, thanks in no small part to more information being disclosed about the Switch 2 from Nintendo president Shuntaro Furukawa, The confirmation that the next Nintendo console will be backwards compatible with Switch titles and that Nintendo Switch Online will feature on the next console has seen shares in the Kyoto-based company rebound. Dr. Serkan Toto said on X that this is because the company’s Investors think this is a sign Nintendo’s next device will not be a risky experiment, but rather a continuation of existing hardware.
Nintendo stock just closed up +5.80% (3:30pm Japan time on Wed) because of the confirmed backwards compatibility of the next console with the current Switch. Investors think this is a sign Nintendo’s next device will not be a risky experiment but rather a continuation.