Shares of video game maker Nintendo surged on Tuesday following a report that the company would be releasing new versions of its blockbuster Switch console as soon as this year.
The news came after the Wall Street Journal reported on Monday that Nintendo is set to release two new versions of its bestselling console, launched in 2017,"as early as this summer." The two new versions of Switch are expected to be announced in June, with a potential launch coming a few months later, according to the Wall Street Journal.
Switch, marketed as a hybrid console enabling gamers to play on-the-go and at home when connected to a TV, has been an important revenue driver for Nintendo that turned the company's fortunes around after its previous flagship model, the Wii U, suffered from lackluster demand.
Source: News Formal (newsformal.com)
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