Investors on Friday shrugged off the announcement, sending the company’s share price down 6.5%.
Some investors blamed a lack of surprise in the announcement for the lukewarm market response, saying the company raised high expectations by withholding details about the hardware for more than a year.
Nintendo hinted it still has unannounced surprises up its sleeve. “We haven’t shown everything,” a Nintendo spokesman said, adding the company would provide additional information about the Switch next year, before its scheduled launch in March.
Piers Harding-Rolls, head of games research at IHS, said extensive third-party support, along with a price tag below $300, would be key for the console to be a much-needed success for Nintendo.