Nintendo’s share price rose to a 52-week high following Switch 2 announcement
Investors seem happy the Switch 2 design is a “conservative” one, analyst tells VGC
Nintendo’s share price has risen to a 52-week high following its Switch 2 announcement.
Nintendo officially announced Switch 2 today, showing a console that looks somewhat similar to the immensely popular Switch.
When the New York Stock Exchange opened later, Nintendo‘s share price rose to $15.77, the highest point it’s reached at any point in the past year. At the time of writing it’s dropped slightly to $15.49 but is still notably higher than the $14.04 it was sitting at on January 8.
Commenting on the rise, Japan game industry consulancy firm Kantan Games’ CEO Dr Serkan Toto told VGC that shareholders appeared to be happy that the Switch 2 leaks were true and that Nintendo was playing it safe with the new console’s design.
“Investors were afraid of another Wii U situation where Nintendo tries to experiment or over-innovate but misses what users actually demand,” Toto told us.
“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.”
Stock trading started ago in New York – where Nintendo is listed under $NTDOY.
Shares hover at around +3% and reached a 52-week high in the US.
Investors seem relieved Nintendo chose to be rather conservative with Switch 2 + refrained from experiments, a concern I heard often.
— Dr. Serkan Toto / Kantan Games Inc. (@serkantoto) January 16, 2025
Despite this, Toto added that Nintendo’s decision to keep numerous Switch 2 details under wraps means today’s reveal had less of an impact than it could have.
“As it turned out, the leaks over the last days really killed the surprise, at least for me,” he explained. “But even without the leaks, I would say the punch this trailer has does not even come close to the one introducing the original Switch back in 2016.
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“We knew before Nintendo will hold back software, but they kept also mum about the price, release date or even basic features. I did not expect a lot and am more interested in the software slate – that video will be way more exciting.”
A Nintendo Direct presentation focusing on Switch 2 is planned for April 2, where more details on the console and its software are expected, as well as potentially pricing and release date information.
