After the Switch 2 was announced, Nintendo's stock price has risen to its highest point in 52 weeks.
At 9 o'clock last night, Nintendo suddenly announced the Switch 2, showing a very similar appearance to the extremely popular Switch 1 generation console.
When the New York Stock Exchange opened later, Nintendo's shares rose to $15.77, the highest it has reached in the past year.At the time of writing, the stock price fell slightly to $15.49, but is still significantly higher than $14.04 on January 8.
Dr Serkan Toto, CEO of Japanese gaming industry consulting firm Kantan Games, told VGC about the stock price increase that shareholders seemed happy that the Switch 2 leak was true, and Nintendo made steady progress in the design of the new console.
“Investors are worried that Nintendo will see Wii U again, where Nintendo is trying to experiment or over-innovate, but ignores the actual needs of users.
Therefore, the financial community will definitely feel relieved about the Switch 2.For the transition of this cycle, investors hope to adopt a more iPhone-like iteration approach - from this perspective, Nintendo has undoubtedly done this."
