Nintendo’s Next Move: Switch Games to be Playable on New Console

Nintendo, the Japanese gaming giant, has announced that its upcoming console will be backwards compatible with games from the Switch. This means that customers will be able to play their existing Switch games on the new console. The company’s president, Shuntaro Furukawa, stated that this decision was made to allow customers to enjoy their existing games and choose from the lineup of games already available on the market.
  • Forecast for 6 months: Nintendo’s shares are expected to continue rising, potentially reaching a 10% increase due to the company’s strategic decision to include backwards compatibility in its new console.
  • Forecast for 1 year: The new console is expected to be released in the next 12 months, with a potential sales figure of 15 million units in the first year, driven by the popularity of the Switch and the convenience of backwards compatibility.
  • Forecast for 5 years: Nintendo’s expansion into new markets, such as films, merchandising, and amusement parks, is expected to contribute significantly to the company’s revenue growth, potentially reaching a 20% increase in the next 5 years.
  • Forecast for 10 years: The gaming industry as a whole is expected to continue growing, with Nintendo playing a significant role in this growth. The company’s market share is expected to increase, potentially reaching 30% of the global gaming market in the next 10 years.

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