Nintendo shares slide on reports of delayed Switch successor release

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While Nintendo has not commented on plans for a successor device beyond saying that it is always working on new hardware and software, the Kyoto-based gaming firm is widely expected to be planning to launch a new device to succeed its aging Switch (NYSE:SWCH) console.

The company raised the full-year sales forecast for the Switch earlier this month as the hybrid home-portable device continues to attract consumers even as it nears its eighth year on the market.

“We want to maintain the momentum of the Switch business,” Nintendo President Shuntaro Furukawa told an earnings briefing at the time.