Nintendo Shares Rise To Highest Value In 2017 On Back Of Investor Confidence In Nintendo Switch
Switched back to profitability.
Nintendo’s Switch has been an unexpected success, and after almost a half decade of languishing in declining financial gains and irrelevance in the larger market, it has brought the company back into the limelight. And now, it looks like investors, who were initially pretty cool on the system back when it was first revealed in 2016, are finally jumping on board with it.
As Nintendo Life points out, the share price at the end of this week was ¥28,335, which is actually the highest it has been all year (and indeed, since mid-December last year). Nintendo’s own guidance, which predicts not just success for the Switch, but also continued relevance for the 3DS, has probably convinced investors that the company knows what it is doing- after all, it had a spectacularly great launch for the Switch, and a great year for the 3DS last year.
The Nintendo Switch is currently available worldwide, as is the 3DS. The 3DS will be getting a brand new SKU, the New Nintendo 2DS XL, later this year.