Nintendo shares fell 6% on Wednesday (30) after it announced a delay in the release of the long-awaited sequel. “Legend of Zelda: Breath of the Wild” to 2023.
The drop comes after Nintendo shares rose 25% year-to-date through Tuesday’s close, allaying concerns that the Switch console may have hit a sales peak.
The company updated the console in October and released a franchise title “Pokemon” which received critical acclaim in January.
Nintendo is gearing up to release the as-yet-untitled sequel Zelda in an industry that has recently seen the launch of adventure games “Elden Ring”, from Kadokawa and Bandai Namco; and “Horizon Forbidden West”from Sony.
Despite the delay of ZeldaNintendo has a strong set of releases for 2022, with the shooter “Splatoon 3”scheduled for the middle of the year, and two more titles of pokemon scheduled to be released at the end of the year.
“If there is a year when Nintendo can afford to delay Zelda, this year,” said Serkan Toto, founder of consultancy Kantan Games. “The fiscal year hasn’t even started yet and they’ve announced all these blockbuster titles,” he added.
In-house developed games accounted for 84% of Nintendo’s software sales in the third quarter ended December. The Switch console accumulates sales of more than 100 million units, with more than 750 million games sold.
Source: CNN Brasil
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