Nintendo shares tumbled as much as seven percent on Friday after the Japanese games giant failed to impress with a teaser video of its hotly awaited Switch 2 console.

We're due for a new Nintendo Switch. The current model has performed valiantly for the last seven years but it's much showing its age in terms of processing power. Nintendo President Shuntaro Furukawa announced that the game system's long-awaited successor will be revealed before the end of March 2025,

In a sparse teaser, Nintendo announced the Switch 2, its first major console release since the original Switch released in 2017 to huge sales.