Evgenii "Gufis" Kondratev The announcement of the new Nintendo Switch 2 console didn’t sit well with players or investors initially. The lack of information in the first presentation caused the company’s stock to temporarily dip. However, as the industry reconsidered the console's prospects, it resulted in record-breaking growth.
On the morning of January 23, Nintendo’s stock rose to 9,775 yen. This marks the highest price in Nintendo’s history, surpassing the previous peak by 371 yen. While the stock price didn’t hold at its peak, analysts at Toyo Securities predict it could climb as high as 12,300 yen.
Image: google.com
Toyo Securities forecasts strong sales for the Switch 2, suggesting that up to 16 million units could be sold within the first year—assuming the console hits the market in early July. If these expectations are met, Nintendo’s operating profit for the fiscal year could rise to 480 billion yen. Other experts have even speculated sales could reach 20 million units.
It’s worth noting that the announcement offered no specific details: no technical specs, no launch date, and no price for the new console. Nintendo is planning an expanded presentation on April 2.
Main image: nintendo.com
0 comments