Nintendo shares have reached a record high 7,823 yen (severely $54.14) as of Wednesday, she reported The Wall Street Journal.
Despite a steady increase over the past year or so, shares have been rising recently with the Wall Street Journal citing “strong earnings” and the company's expectations for new hardware to replace the current Nintendo Switch. It's no secret that fans have been clamoring for what we affectionately refer to as “Switch 2,” and the general expectation is that Nintendo will finally reveal its upcoming plans sometime this year.
The breakdown below shows Nintendo's stock price over several years. As you can see, its value has seen a huge increase over just the past few weeks.
Nintendo's record stock helped Japan's stock exchange, the Nikkei stock index, reach 34,441.72, the highest end-of-day level since February 1990. The record is still high at 38,915.87 since December 1989, but it looks promising by the current numbers. .
Of course, Nintendo's stock price will likely fluctuate in the coming weeks and months as we anxiously await “Switch 2” news. The company will likely stream a Nintendo Direct in February, but we honestly don't expect to see any major hardware announcements for a little while yet.
What do you think of Nintendo's stock performance recently? Do you think we'll hear about “Switch 2” soon? Let us know with a comment.
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