The Japanese videogame maker’s shares fell after it said the much-anticipated successor to its Switch console would go on sale later this year, disappointing investors with a lack of specifics and a design that feels more like an update than a reinvention.

Japan's Nintendo said on Thursday it will release the Switch 2 console this year, unveiling a device that appeared to closely follow the design of its popular predecessor.

The new console looks physically similar to the popular Switch system, which has sold more than 146 million units in seven years.