Nintendo’s share price has risen to the highest point seen in more than a decade, with stock closing at 50,110 yen per share on Thursday, 18th June.
As reported by CNBC, this is the first time that Nintendo shares have closed above the 50,000 yen mark since August 2008, a period in which Nintendo was enjoying huge success with the Wii and DS family of systems.
Amir Anvarzadeh, a Japan stock market strategist at Asymmetric Advisors, has said that there are two possibilities behind today’s jump. According to Anvarzadeh, one reason could be down to yesterday’s Pokémon Presents show, which revealed new games in the popular series for Nintendo Switch, while the other could be a result of people anticipating a second wave of coronavirus pandemic lockdowns, which could go on to cause another spike in video game sales.
The chart below, via Google, shows exactly how Nintendo’s stock has performed over time.
As we’ve seen in the past, Nintendo stock can often rise and fall by significant amounts for indeterminate reasons, so we wouldn’t be surprised to see it move around some more over the next few months. Still, for today at least, things are looking pretty positive.
Article Tags: business · Decade · Highest · Industry · Nintendo · Point · Shares · Soar