Nintendo’s Stock Rises After Switch Lite Reveal, Analysts Say It Will Be A ‘Mega Hit’

Yesterday, Nintendo revealed its all new handheld-only Nintendo Switch Lite console to the world. Besides die-hard Nintendo fans, it looks like both investors and market observers are also getting excited over the new gaming device!

Just recently, Nintendo’s stock jumped back up by about 4.5% – back to around ¥41,780. This brings the company’s financial value back to what it was in October 2018 – which is the highest it’s been in 9 months!

Likewise, analysts from the east and west expressed a pleasant outlook for the smaller Switch handheld. For starters, Kantan Games analyst Dr. Serkan Toto remarked that the Switch Lite would help Nintendo expand its current customer-base – and become huge hit:

“Investors should see the Switch as way for Nintendo to substantially increase the install base and prolong the life-cycle of the console for years. This device will be a mega hit.”

Wedbush Securities analyst Michael Pachter shared similar sentiments – and applauded Nintendo’s perfect timing in revealing the Switch Lite:

“The (Switch Lite is the) right product at the right time. The timing of the release appears favorable, given that it is roughly two months ahead of Black Friday, and occurring at a time when sales of the PS4 and Xbox One should ramp down ahead of the console refreshes from Sony and Microsoft at holiday 2020, giving Switch Lite a roughly fourteen month head start.”

Overall, the Switch Lite reveal has been quite a boon for Nintendo! After a previous slump following E3 2019, it’s good to see the market’s faith in Nintendo restored.