On Wednesday, the shares of Nintendo plunged after the Japenese company announced a delay in its most anticipated video game release.
As well as it was observed by the end of the day the shares of Nintendo to a drop to 3.53, Tokyo on Wednesday. The shares, however, took a beating after Nintendo announced on Tuesday.
At the Electronic Entertainment Expo also known as E3, they said the delayed launch was due to the latest installment in its “Animal Crossing” franchise, titled as “New Horizons.“
Originally scheduled to be released later in 2019, now the release of the game has been pushed back to March 2020. Such a delay in the schedule has caused the tumble in Nintendo shares.
A simulation of the game is that it puts all of the players in the village where they engage in activities. Activities such as bug catching or fishing an more.
The series, however, is highly popular among all the gamers, and everyone is quite excited for its release.
Data from Nintendo also shows to have sold millions of copies of the earlier editions of the game. Also, the name of the game comes up with the top-selling titles for the previous consoles.
According to the sources, analysts have mentioned that the title was among those that they expected to boost sales of Nintendo’s Switch Console.
Nintendo’s Switch console is a hybrid device that allows gamers to play on the go, and at home when connected to a TV. The switch has been quite remarkable for the company’s revenues.
Also, the previous reports have suggested that at least one new version of switch hardware could be in the works. A move that analysts suggest could be used to propel the sales of the company. As well as the extent to the life cycle of the product.