Nintendo's Stock Market Performance Indicates That The Switch Is Doing Well


Nintendo's Stock Market Performance Indicates That The Switch Is Doing Well

With the Nintendo Wii U flopping, many saw the Nintendo Switch as the company's chance to rebound from their failures. At the start this didn't really seem like the case as the company's stock prices actually took a hit when the pricing of the console was revealed, suggesting that investors weren't impressed.

However fast forward a few months and that tune has changed. According to Bloomberg Quint (via Nintendo Life), it seems that following the release of the Switch, the company's stock has been doing well and actually outperformed the Japanese stock market by 20 points through Thursday.

This is actually very impressive as it outdid the Wii during the same time period back in 2006 which saw Nintendo outperform the Japanese stock market by 8.9 points. For a bit of context, the Wii U saw Nintendo’s stock suffer from a 30 point lag following its launch. Analysts are now predicting that at this rate, Nintendo could very well shift as many as 16 million units in the fiscal year through March 2018.

However if there is one area of concern, it would be that some analysts are worried that Nintendo won’t be able to keep up with demand, which is something that Nintendo of America President Reggie Fils-Aime had reassured customers would not happen earlier this year.

Filed in Gaming..