Nintendo announces timeline for Switch successor
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and Nintendo announces when it will tentatively release its next console.
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00:00 I'm Conway Giddens reporting from the New York Stock Exchange.
00:02 Here's what we're watching on the street today.
00:04 Stocks are coming off a positive session on Wall Street as the Dow looks to build on its
00:09 fourth positive day in a row.
00:11 Investors are digesting earnings from Disney, which reported better than expected results
00:15 boosted by strong streaming numbers.
00:18 Investors will be watching closely for earnings from Airbnb, Uber and Shopify later this week.
00:25 In other news, gamers rejoice.
00:27 Nintendo revealed plans to announce its successor to the wildly popular Switch within the next
00:33 year.
00:34 The president of Nintendo revealed the company's plans on X with a post saying, "It will have
00:39 been over nine years since we announced the existence of Nintendo Switch back in March
00:44 2015."
00:46 The Nintendo Switch made its debut in 2017 and has since become the third best-selling
00:51 console of all time.
00:53 The device has gone on to sell more than 139 million by the end of last year, according
00:59 to gaming website IGN.
01:02 Switch trails only Nintendo's own DS console with 154 million units sold and Sony's PlayStation
01:08 2 at more than 159 million.
01:11 Sales of the Switch have been helped over the past year with releases like The Legend
01:14 of Zelda Tears of the Kingdom and Super Mario Bros. Wonder.
01:18 But Nintendo is expecting sales to slow, predicting to sell 2.2 million fewer consoles than it
01:24 did last year.
01:26 Users currently have three different Switch models to choose from.
01:30 And that'll do it for your daily briefing from the New York Stock Exchange.
01:32 I'm Conway Gittens with the Street.
01:34 Thanks for watching.
01:35 And I'll see you next time.
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