The stock reaches a 9 month high.
The stock market can be, and often is, a roller coaster. To those who don’t have a lot of knowledge of how it works, it can seem like a completely random thing (and even those who know it feel that way sometimes, frankly). For instance, Nintendo’s stock can be a real head scratcher sometimes. Despite being in their best position in years, Nintendo’s stock has fluctuated heavily since the Switch launched. Well, something that stockholders seemed to really dig was the recent announcement of the Switch Lite, and it’s probably not just the neat colors.
The Switch Lite is a more portable focused revision of the handheld. According to the Financial Times, after it was revealed, Nintendo’s stock saw a huge increase to ¥41,780 ($386.5) in Tokyo trading. That puts it at the best it’s been since October of last year.
The Lite definitely looks like it’s been well received despite some grumblings about losing key features such as docking, but the regular edition of the hardware isn’t going anywhere anytime soon, and the Lite looks to have grabbed those who prefer something a little more ‘on the go’ friendly.