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Nintendo Stock Value Reaches Highest Mark in a Decade

by Jose Belmonte

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Nintendo may not be able to meet the demand for its new hybrid console for some time, but stock markets are taking this as an obvious sign of a renewed interest on the brand by the public, making the Japanese company reach high marks not seen in a decade. Today the company reached a stock value of ¥34,570, passing the previous high mark of ¥34,100 achieved in December 2008.

While the success of the Nintendo Switch is the most simple explanation, the company has also been building momentum lately with the good sales prospects for the rest of the year and most of all the announcement of a port of Monster Hunter XX for the system. The title, developed by Capcom, is one of the very few third-party games that are able to match the numbers of Nintendo’s best selling franchises in Japan. It is a re-release of 2015’s Monster Hunter X (renamed as Generations in Western countries), that adds new content.

While the game is already out for Nintendo 3DS and has produced underwhelming numbers, market analysts are expecting the Nintendo Switch version to be much better received, thanks to the graphic upgrade and its position as the first entry of the series released on the new console.

Nintendo Switch might be the key for the company’s success in the future, but its current momentum is also supported by the good numbers than its previous handheld device, Nintendo 3DS, is still pulling in the charts, as we can see in the weekly Japanese report.

Nintendo Switch release titles for the rest of the year include the upcoming Splatoon 2 or Super Mario Odissey, and some rumored surprises like a port of Pokken Tournament.

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