logo
#

Latest news with #TheLegendOfZelda

Nintendo Switch 2 launches globally with shortages expected amid pent-up demand
Nintendo Switch 2 launches globally with shortages expected amid pent-up demand

New Paper

time4 days ago

  • Business
  • New Paper

Nintendo Switch 2 launches globally with shortages expected amid pent-up demand

Nintendo's Switch 2 launched on June 5 and is widely expected to be in short supply globally amid pent-up demand for the more powerful next-generation gaming device. "The level of demand seems to be sky-high," said Mr Serkan Toto, founder of the Kantan Games consultancy. The Switch launched in 2017 and followed the underperforming Wii U. The home-portable device became a juggernaut with games including two The Legend Of Zelda titles and Covid-19 pandemic breakout hit Animal Crossing: New Horizons. The Switch 2 bears many similarities with its predecessor but offers a larger screen and improved graphics and debuts with titles including Mario Kart World. "The much larger audience of Switch users should translate to stronger adoption in the opening part of its life-cycle," said Mr Piers Harding-Rolls, an analyst at Ampere Analysis. "Nintendo is better prepared this time around" to deal with the high demand, he said. The launch of the US$499.99 (S$643) Switch 2 is a test of Nintendo's supply chain management during United States President Donald Trump's trade war. Nintendo in May forecast sales of 15 million Switch 2 units during the current financial year. President Shuntaro Furukawa said Nintendo will strengthen production capacity to respond to strong demand and focus on sales promotion in an effort to exceed the forecast. The company, which is known for conservative forecasts, also expects to sell 4.5 million Switch units. A staff member at an electronics store in Tokyo holds a megaphone on June 5, the day Nintendo starts selling the Nintendo Switch 2 game console globally. PHOTO: REUTERS Nintendo said it received 2.2 million applications for its Switch 2 sales lottery on its official site My Nintendo Store in Japan. Pre-orders at Target sold out in less than two hours. "You are looking at weeks or months until you can walk into a store and buy a Switch 2," said Mr Toto of Kantan Games. Investor expectations for the new device are similarly lofty. Nintendo's shares are trading near highs and have gained almost 30 per cent in 2025. Concerns include whether momentum for the Switch 2 will be sustained after hardcore gamers have upgraded. "The volume of first-party games on offer at launch isn't as strong as it could be, so some more casual users may wait and see how the games available build over the next one to two years before making the leap," said Ampere's Mr Harding-Rolls. Ampere forecasts Switch 2 sales to exceed 100 million units in 2030. Nintendo has sold 152 million Switch units in total.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store