Shares in Nintendo rose 5.8% today, thanks in no small part to more information revealed about the Switch 2 by Nintendo president Shuntaro Furukawa, Confirmation that Nintendo’s next console will be backwards compatible with Switch titles and that Nintendo Switch Online will feature on the next console saw a rebound in the Kyoto-based company’s shares. dr. Serkan Toto said on X that this is because the company’s investors think this is a sign that Nintendo’s next device will not be a risky experiment, but a continuation of existing hardware.
Nintendo shares just rose +5.80% (3:30pm Japan time on Wednesday) due to the confirmation of the next console’s backwards compatibility with the current Switch. Investors think this is a sign that Nintendo’s next device won’t be a risky experiment, but a continuation.
