Nintendo Co shares slumped 6% in Tokyo trading after the gaming firm pushed back the release of the hotly awaited sequel to “Legend of Zelda: Breath of the Wild”.
The release of Legend of Zelda has been pushed to spring 2023 from this year’s planned debut.
Nintendo’s shares had gained 25% year-to-date at Tuesday’s close, shaking off concerns that the hit Switch console might have peaked following a hardware refresh in October.
The original “Breath of the Wild” was itself delayed, becoming a Switch launch game in 2017 and selling more than 25 million units.
Nintendo is preparing to launch the still untitled Zelda sequel into an industry which has recently seen the launch of adventure games “Elden Ring” from Kadokawa and Bandai Namco and “Horizon Forbidden West” from Sony.