Nintendo has just unveiled the Switch 2, leading to excitement across the gaming world—including investors. If you own Nintendo stock, you should be happy today.
After the announcement, Nintendo’s stock price rose to $15.77, the peak in a 52-week period of time. Kantan Games CEO and analyst Dr. Serkan Toto stated the reveal would most likely please investors of Nintendo, who were worried that the successor to the Switch would be a repeat of the Nintendo Wii U.
Investors were afraid of another Wii U situation where Nintendo tries to experiment or over-innovate but misses what users actually demand. 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.
The Wii U was a more experimental console with a muddier message, for sure. But I can’t help but feel the Switch 2 is the exact opposite, and the first console to lack ex-Nintendo president Satoru Iwata‘s influence.
Do you think the Switch 2 will be successful? And do you own Nintendo stock? Let me know below!