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Nintendo (NYSE:SWCH) has officially announced the launch of its next-generation gaming console, the Switch 2, set for release on June 5. Priced at $449.99 in the U.S., the highly anticipated device features significant hardware upgrades while maintaining the hybrid design of its predecessor. In Japan, it will retail for 49,980 yen for the Japanese version and 69,980 yen for the multi-language version.
Unveiled initially in January, the Kyoto-based company confirmed the Switch 2 will include a larger screen, mouse control support, and a new dedicated chat button on the controller. These enhancements aim to boost user experience while keeping the familiar form factor.
Analysts note the higher-than-expected price reflects both inflationary pressures and competition from premium devices like the PlayStation Pro, which launched at $699.99. Serkan Toto of Kantan Games remarked that Nintendo likely factored in these trends when setting the price.
With over 150 million units sold since its 2017 debut, the original Switch became a massive success, thanks to hit titles like "Super Mario" and "The Legend of Zelda". The Switch 2 will offer upgraded versions of popular games and introduce new titles such as "Mario Kart World", along with GameCube classics for Nintendo Online subscribers.
Goldman Sachs analyst Minami Munakata predicts Nintendo is targeting over 10 million unit shipments in the first year. However, the launch comes amid global trade tensions, possibly influencing U.S. pricing due to tariffs.
Despite a 3% stock dip following the announcement, analysts suggest the transition to Switch 2 will mirror Sony's smooth PS5 rollout, aided by backward compatibility and growing subscription-based gaming trends.
Nintendo shares have significantly outperformed the market, raising questions about valuation sustainability.
