Shares in Nintendo climbed to the highest point seen in over 15 months yesterday, just days ahead of the release of its latest hardware revision, the Nintendo Switch Lite.
Nintendo's stock ended Tokyo trading at ¥42,390 on Wednesday, after peaking at ¥42,570 just hours before. According to VGC, this is the highest close seen since 1st June 2018, a date just days before that year's annual E3 event.
This seems set to rise even further, too; at the time of writing, Nintendo's stock has risen as high as ¥42,840 on Thursday.
As well as the Switch Lite, several big-name releases are also set for release over the coming months. Tomorrow sees the launch of a brand new Zelda title - the Switch remake of Zelda: Link's Awakening - and we have the likes of Pokémon Sword and Shield and Animal Crossing: New Horizons coming up before the financial year is over, too. Back in April, Nintendo revealed that it expected to shift 18 million Switch consoles over the following 12 months.
Do you think the Nintendo Switch Lite will fly off the shelves starting from tomorrow? Let us know in the comments below.
[source videogameschronicle.com]
Comments 13
Meh, that's good news, just not really surprised. It's a Nintendo system designed to be fully portable, and Japan loves their portables.
Cheaper hardware SKU + Pokemon game = Happy stockholders
Share prices rise! Yeah...Until Nintendo announces that it has sold a couple of thousand units less than the predicted XX MILLION and investors freak out again.
@Vriess I would agree that investors have been pretty irrational in the past - however there is little risk of that happening this fiscal year.
It's obvious that Nintendo is going to massively pass their goal of selling 18 million units this fiscal year. After all, if they could manage around 16.5 to 17 million with a $300 dollar unit, then the Switch Lite at $200 dollars should smash that target. Particularly with the games lineup this fall.
My guess is a reasonable number would be around 22 to 24 million units sold, so total worldwide Switch sales should be around 42 million units by the end of March. That would be pretty impressive.
as a nin share holder pretty happy with the next few months, zelda, lite, mkt, lm3, poke, ac, mario world, and potential china market release anytime in between
Don't buy, wait for the next midseason slump then buy before Switch Pro announcement in late July/Early August.
Really wish I was a shareholder. Next year.
The Turquoise color of Switch Lite is mesmerizing me. 😛
I want the Switch Lite after 1 or 2 year later.
I really want a Switch Lite, but I have two concerns.
1) Stick drift.
2) There's no neon orange color.
To sell or no....? hmmm
It's going to sell because it's cheaper than the real Switch. More units on the market means more games will sell. Plus we are getting a new Zelda title this week and Pokemon in a couple months.
On top of that the Switch is getting a small mountain of quality titles between now and March.
The shareholders would have to be completely blind and foolish to not be happy.
@Wilforce "Don't buy, wait for the next midseason slump then buy before Switch Pro announcement in late July/Early August."
Definitely a Troll we got here. How about you go back to your hole and stay there. Switch isn't going down your path anytime soon.
@SwitchForce I love the Switch, but this is analytical common sense. I'm sorry you disagree, but stocks can only climb so far, which economic indicators show we're on the being of a recession. Now is the time to hold Nintendo shares. Unfortunately if you didn't buy at the time of the Switch Lite announcement you likely missed out until the next slump.
It's more wise to watch Nvidia at this time since they developed the SOC and will see compounded returns from the perspective Shield 2.
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