Nintendo takes big gamble with Switch's split personality
Tokyo
NINTENDO Co's new Switch gaming console won't be in stores until March 3, but the machine is fully baked and ready to play. The press got a chance to try out the new machine at an event in Tokyo last week, and events will be held in Japan and North America to let people experience the product before its official debut.
So far, investors aren't convinced the device will replicate the runaway success of the Wii console a decade ago, with Nintendo shares dropping 5.9 per cent on Friday after pricing and other details were released. The stock fell as much as 3.6 per cent on Monday, bringing the decline in the company's market value to about US$2.7 billion over the two trading days.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think