With the recent reports of Nintendo increasing their Nintendo Switch production to meet high demand, it would seem that investors are in favour of their decisions. Stock for Nintendo rose today; shares on the Tokyo Stock Exchange jumped 425 yen, or 1.69 percent, to 25,580 yen on Friday from its Thursday close of 24,860 yen.
This is positive news compared to when Nintendo’s stock decreased in value when they fully unveiled the Switch earlier this year. 2 million units are expected to be sold by the end of the fiscal year (March 31st) and if this is the case then the Switch will be on a similar trajectory to the very successful Wii.
||Yes, the fire rises indeed…||
Shares rose 6% today in New York before settling at an increase on the day of 4.72% – Excellent stuff.
I got a piece of that. Looking to hold for a while longer. If the current momentum holds, share price will continue to $50.
Great news but I think once a mainline Pokémon game gets announced for the Switch, those stocks will rise higher
On point as always, Paid. Pokemon is truly one of the best franchise titles in Nintendo and The Pokemon Company’s history.
Thats great and all but the Switch NEEDS games like now. Otherwise, it’ll drop just as fast as it climbed up.
in april have mario kart 8 deluxe and then after that there will be splatoon 2
2 million in its first month? Not bad, wonder how well the Switch will do when those big titles come in the middle and towards the end of this year? Hard to imagine the Switch failing.
Stocks rise & fall all of the damn time. Nothing to see here unless you’re a stock holder.