Earlier this week, Nintendo officially revealed the Nintendo Switch 2, after many months of rumors and speculation.

Following the reveal, Nintendo’s stock price shot up to $15.77, the highest it has ever been in a 52-week period. Speaking to VGC, analyst and Kantan Games’ CEO Dr Serkan Toto said that the announcement likely pleased Nintendo’s investors, who were concerned that Nintendo’s next console would be another “Wii U situation” where Nintendo over-experimented with the console and failed to meet consumer demands.

“Investors were afraid of another Wii U situation where Nintendo tries to experiment or over-innovate but misses what users actually demand. So there is certainly some relief in the financial community about Switch 2. For this cycle transition, investors were hoping for a more iPhone-like, iterative approach – and Nintendo certainly delivered from that perspective.”

Of course, only time will tell whether the Switch 2 will turn out to be the success investors are hoping for. Stay tuned for more as it comes.

What do you think? Let us know in the comments.