Nintendo recently confirmed the successor of the Nintendo Switch will be compatible backward with Switch software and games. This announcement raised the Nintendo shares ending trading in Japan by 5.80% on November 6.
“At today’s Corporate Management Policy Briefing, we announced that Nintendo Switch software will also be playable on the successor to Nintendo Switch. Nintendo Switch Online will be available on the successor to Nintendo Switch as well”, Nintendo President Shuntaro Furukawa said on X.
He continued, “Further information about the successor to Nintendo Switch, including its compatibility with Nintendo Switch I explained today, will be announced at a later date.”
This news rebounded Nintendo shares which were down -4% in regular trading (Tokyo Stock Exchange on Tuesday). Serek Toto, CEO of Kantan Games said on X, “Nintendo stock just closed up +5.80% (3:30pm Japan time on Wed) because of the confirmed backwards compatibility of the next console with the current Switch.”
He added, “Investors think this is a sign Nintendo’s next device will not be a risky experiment but rather a continuation.”
While everyone has been calling the new console Nintendo Switch 2, Nintendo has not announced any official name. Furukawa called it the “successor of Nintendo Switch” which directly indicates that the next console might be the continuation of all sorts.
However, Nintendo did not reveal additional information regarding the upgraded console. It is confirmed that investors are interested in the Nintendo Switch 2 gaming console and shares are continuously increasing in the trade market.
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