Nintendo’s stock price has just hit a 52-week high, as tweeted by Niko Partners senior analyst Daniel Ahmad, Nintendo’s stock price is currently at the highest it has been over the last 52 weeks. Showing the company’s current financial strength despite the fact that it’s very hard to buy a Switch right now.
In fact, on March 2018, the stock price is as high as it was, which was a previous record price for the Switch era of the company. It peaked on April 16, 2020 at 47,100 yen (approx. $437).
As a major reason for this stock rise, the enormous success of Animal Crossing: New Horizons should be credited. This game has hit a sale and become one the bestselling games on the Nintendo Switch console. While Japan have suspended the shipments of the console, but handheld mode seems less important now that everyone is stay indoors, it still remained extremely popular.
By the way, Animal Crossing: New Horizons is not the only big recent success on Nintendo Switch, as Ring Fit Adventure also have stock shortages issue.
Nintendo is expected to give an overview of recent business in its next earning report, which will give us some further insight of how the Switch and Animal Crossing are performing, on May 7 2020.
The Mars Gamers 