Take-Two Shares Slide as Nintendo Switch 2 Launch Hits a Snag

Take-Two Interactive Software, Inc. appeared to be on a strong trajectory, with its stock approaching record highs following the successful debut of “Borderlands 4.” However, a significant setback emerged just ten days before the game’s scheduled release on the upcoming Nintendo Switch 2 console. The video game giant decided to pull the plug, indefinitely postponing this specific version. The market’s reaction was swift, resulting in a single-day share price decline of 3.2%. This development raises questions about whether this is a minor hiccup or indicative of a deeper operational challenge for the company.

The announcement from Take-Two’s subsidiary, Gearbox Entertainment, landed on September 24, canceling the planned October 3 launch for the Nintendo Switch 2. The reasoning provided was standard for the industry:... Read more...