Will Nintendo's Stock Reach it's Highest Ever?

[killeryoshis]

Darwinianevolution said:

How high was Nintendo's stock during the best period of the Wii-DS years? Considering the spectacular profits of that era, it's going to be difficult to match that, even with the Switch.

70,500 JPY on November 2nd 2007

Right now the stock level is around at 40,000 JPY so we are passed half way atleast. Anyway the true reason for the huge bump in stock pricing is due to China

From this article

"Last week, Nintendo revealed that it is bringing Tencent's (TCEHY) "Honor of Kings," one of China's most popular games, to the Switch console this winter.

The deal "could be a precursor to further arrangements allowing Nintendo to sell the Switch and its mobile games in China," the Wall Street Journal reported Tuesday."

So the stock is going up because Nintendo has a chance to break into the China market. If that happens then the Switch could sell a lot more units than any other console . Of course it will take a long time to get there but this is a start.