It looks like Nintendo could be riding mighty on the recent and official launch of the Switch in China today.
Nintendo Co. Ltd.’s share price has reportedly spiked up by around 5.88% in the last couple of hours, bringing the company’s stock to its highest point since 19 months ago. To be more specific, the end of 10 December 2019 saw Nintendo’s shares closing at an impressive 46,370.00 JPY.
If one looks at Nintendo’s stock price overall for the past year, it’s definitely looking peachy – with this jump only contributing to Nintendo’s steady rise.
As it stands, it looks like investors are very confident that the Switch will sell like hotcakes in China. We’ll just have to see how that turns out in the months to come!
What do you think? Will the Nintendo Switch be a mega hit in China? Are Nintendo’s fortunes on the rise again? Feel free to share your thoughts below!
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