Nintendo shares hit high after Nintendo Switch Lite reveal
The announcement of Nintendo Switch Lite, the smallest and most portable version of Nintendo’s hybrid console, took the whole industry by surprise. This announcement seems to have been attractive for businessmen, as it also had an impact on the financial markets and, fortunately for Nintendo, it was positive, as its shares grew considerably.
The revelation of the new member of the Nintendo consoles family caused their shares to be valued at ¥ 41,780 JPY ($386.5 USD) the highest point they have been at since last October.
According to Kantan Games analyst Serkan Toto, “investors should see the Nintendo Switch as a platform for Nintendo to substantially increase the installed base and extend the lifecycle of the console for years.”