Nintendo's new, less expensive Switch is a brilliant move that is likely to sell millions of consoles this holiday - and the company's stock is already jumping on the news
- Nintendo's got a new console coming this September, and it's called Nintendo Switch Lite.
- What makes it "Lite" are its price - just $200 compared to the standard $300 Switch - and its focus on portability. The Switch Lite is a handheld-only console.
- In releasing the Switch Lite, Nintendo is making two brilliant plays: Lowering the cost of entry to the Switch by one-third, and continuing its long history of making dedicated handheld consoles.
- Visit Business Insider's homepage for more stories.
When most people think of Nintendo, they probably think of Super Mario and Donkey Kong and Mario Kart.They almost certainly aren't thinking of Nintendo's handheld consoles first and foremost, but maybe they should be.
And that's why it's such a tremendously big deal that Nintendo just unveiled its Nintendo Switch Lite console: A $200 dedicated handheld version of its already wildly popular Nintendo Switch system.
Why is the Nintendo Switch Lite such a big deal? Because Nintendo's handheld consoles are actually the company's biggest sellers, and the Switch Lite is an incredible replacement for the sunsetting Nintendo 3DS line.
Nintendo's stock price jumped on the news of the new, less expensive, handheld version of the Switch — and it's easy to understand why.Advertisement
Something all the analysts are missing: A new, main series "Pokémon" game launches this November, and it's going to make the handheld Switch even more appealing during the holiday shopping season.
- Top stock movers — Bharti Airtel, RBL Bank, Pidilite, Titan, Hero Motocorp, Asian Paints, TCS, L&T and others
- Manforce Condoms aims to capture 50% market share by 2023
- ASCI asks BYJU’s White Hat Jr to withdraw its social ads for making misleading claims
- EXCLUSIVE: Tata Communications’ IoT head explains how COVID is driving the next wave of Internet of Things
- 2020 US Presidential election to be most expensive in history, expected to cost $14 billion