Shares of Nintendo Co. slumped in Tokyo trading Monday after Bloomberg News reported the corporate will delay its next-generation videogame console until 2025.

Bloomberg reported that Nintendo
7974,
-5.84%
told a few of its game-publishing partners that the successor to the Switch console won’t be released until March 2025, on the earliest. It had been expected in late 2024.

The delay likely implies that Nintendo may even delay the launches of major latest games until the brand new console comes out, Bloomberg reported. The Switch was launched in 2017.

Nintendo didn’t immediately reply to a request for comment.

Nintendo shares fell about 7% in Tokyo. The stock has rallied greater than 50% over the past 12 months, and hit an all time-high last week.

The videogame company reported earnings earlier this month, and said it now expects to sell 15.5 million Switch consoles through the 12 months ending in March, up from a previous forecast of 15 million. Nonetheless, revenue fell 6% 12 months over 12 months. Nintendo didn’t give a timeline on the Switch’s successor in its report or earnings call, but did say “It takes a protracted time and thorough planning to prepare for brand spanking new hardware.”