Barely a week after Nintendo’s stock dropped following the reveal of the Stadia, its now on the rise again, apparently due to WSJ’s report on two potential Switch re-designs coming soon.
According to the Financial Times, Nintendo’s shares saw a 6.7% rise after the rumors surfaced. Interestingly, this increase is larger than the reported 4% drop Nintendo’s shares experienced due to the reveal of the Stadia.
Taking these numbers at face value, it seems that the rumors of new Switch models have helped renew investors’ confidence in Nintendo after it wavered in the face of Google’s Stadia. That said, only time will tell if the rumored new Switch models exist, and if they will be well-received enough to meet expectations.
What do you think? Let us know in the comments below.
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