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After months of speculation, Nintendo finally confirmed the Switch 2 this week with a teaser video that featured a hardware sneak peek. We got a brief glimpse at the next Mario Kart, but details about launch titles aren't expected until later this year.

Nintendo at last unveiled its successor to the popular Switch console on Thursday, a major moment for the video game industry that will arrive sometime this year. The release of a new console will be a key milestone in Nintendo’s history after the company released the Switch in 2017 to fanfare and acclaim.

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.

Nintendo has finally unveiled its next-gen console, set for release in 2025: the Nintendo Switch 2. The announcement comes after months of leaks, rumor, and rampant speculation online. The official reveal took place on Thursday,

Nintendo shares tumbled as much as seven percent on Friday after the Japanese games giant failed to impress with a teaser video of its hotly awaited Switch 2 console.

Related: Nintendo to unveil Switch successor in 2025 In other business headlines, the wait is almost over. Nintendo finally took the wraps off its long-pined-for Switch 2 gaming device. The hybrid console will be out later this year.