GigaBowser
The bear of bad news
Nintendo officially announced Switch 2 today, showing a console that looks somewhat similar to the immensely popular Switch. When the New York Stock Exchange opened later, Nintendo‘s share price rose to $15.77, the highest point it’s reached at any point in the past year.
“Investors were afraid of another Wii U situation where Nintendo tries to experiment or over-innovate but misses what users actually demand,” Toto told us. “So there is certainly some relief in the financial community about Switch 2. For this cycle transition, investors were hoping for a more iPhone-like, iterative approach – and Nintendo certainly delivered from that perspective.”
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89 million
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