As you well know, Nintendo Switch it is rampaging in times of quarantine for the coronavirus. The console is running out in many countries and production is not over. To this we must add the overwhelming launch of Animal Crossing: New Horizons.
Well, it seems that all these events have made Nintendo reach its highest share point in the Japanese stock market to a maximum of 52 weeks. In this way, the company's shares have reached March 2018 levels
Nintendo share price has achieved a new 52 week high.
Last time it hit its current price was in March 2018 which was a record high for the Switch era.
Strong demand for Switch and Animal Crossing + gaming in general being the key factors for recent increase. pic.twitter.com/orfQ1Bnlo5
– Daniel Ahmad (@ZhugeEX) April 16, 2020
We will have to be vigilant to see how sales data evolve in the coming weeks and months. Meanwhile, what do you think?