Nintendo’s Shares Slump 4.7% After CEO Says No Plan to Launch New Switch in 2020

By Alex Ho

Investing.com – Gaming Company Nintendo Co Ltd (T:) saw its shares slumping 4.7% on Friday in Asia after CEO Shuntaro Furukawa said there is no plans to launch a new Switch model in 2020.

Reuters’ tech reporter Sam Nussey, who attended a briefing in Tokyo, tweeted out Furukawa’s words on a new Switch model. The news contradicted previous reports that suggested a Switch Pro was set to launch this year.

Markets were expecting the new Switch model to be equipped with 4K support and new cartridges. Nintendo upgraded its Switch sales forecast for the year ending March to 19.5 million unitson Thursday.

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