Nintendo’s share price at a nine-year high, beating Pokemon Go’s peak last year and then some

By Shabana Arif, Monday, 5 June 2017 11:09 GMT

Nintendo’s share price is on the rise thanks to the Switch.

pokemon surpised

When Pokemon Go rolled out last year, Nintendo’s share price skyrocketed, before coming back down to earth when they clarified they had nothing to do with the app.

But things are looking rosy again as Nintendo’s share price has surpassed last year’s peak – up 102% year-on-year according to The Guardian -as well as the ¥34,100 peak of December 2008.

The release of the Switch has been great for Nintendo so far, and they’re dipping their toes into the mobile market with Fire Emblem Heroes – which had brought in $5 million for the company back in February – and Super Mario Run.

We’ve still got Animal Crossing on mobile to look forward to, as well the rumoured Zelda app.

Financial Times reports that an analyst at Credit Suisse said that Nintendo “is entering a new phase of profit growth, as the new Switch console helps drive earnings, while its foray into smart device game app business will help stabilize its profit cycle.

“However, the current share price already reflects this favorable outlook.”

Nintendo seem to have got their act together with the Switch and the move to mobile. Let’s hope they keep it up.

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