Nintendo shares rise to their highest point in 52 weeks after Switch 2 is announced

2025-02-07 01:52:28|Myriagame |source：minecraft skins

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."

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