Nintendo’s Switch 2 is the company’s first major console release since 2017.
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Conway Gittens: Thursday was a day of rest for the stock market following the monster gains the previous day. Bank earnings continued to roll out. Bank of America won big with the interest rate game – topping quarterly forecasts. Meanwhile, Morgan Stanley saw a significant boost from its trading business – exceeding expectations, as well.
On Friday’s calendar, we have housing starts and industrial production.
In other business headlines, the wait is almost over. Nintendo finally took the wraps off its long-pined-for Switch 2 gaming device. The hybrid console will be out later this year. Though no specific date was revealed. The Switch 2 comes with a bigger screen and bigger controllers. It will also be backward compatible with older games- in most cases.
Nintendo is hoping to build on the runaway success of the original Switch, which launched in 2017 as both a handheld and console device. Since then it has gone on to become Nintendo’s second-biggest selling console. The Switch has gone on to sell 146 million units, according to gaming website IGN, which trails behind company leader – the Nintendo DS.
And what would a Nintendo announcement be without its star- Mario? The beloved character is back, so Mario lovers can rejoice. The Switch 2 promo prominently debuts the new Mario Kart 9 video game.
No word yet on how much the device will cost. Nintendo says it will release more details in April. It’s planning a series of “global hands on events” to come.
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