Nintendo’s stock has reached a near 12-year high
Fuelled by new Pokémon announcements and fears over a second coronavirus wave
Nintendo’s stock reached a near 12-year high this week, surpassing 50,000 yen for the first time since September 2008.
According to Bloomberg, a recent jump in Nintendo shares has been fuelled by fears over a second coronavirus wave and the announcement of new Pokémon games.
During a digital event on Wednesday, The Pokémon Company said it plans to release New Pokémon Snap for Nintendo Switch “soon”. Developed by Bandai Namco and inspired by 1999’s Pokémon Snap for Nintendo 64, the title challenges you to photograph Pokémon while exploring colourful island settings.
The Pokémon Company also announced Pokémon Café Mix, a free-to-start puzzle game releasing for Switch, iOS and Android on June 24, and launched another mobile app—Pokémon Smile—designed to help children brush their teeth.
Pokémon Sword and Shield’s first expansion, The Isle of Armor, also released on June 17, and The Pokémon Company plans to reveal a “big project” during another digital event on June 24.
Nintendo shares hit an all-time high of 73,200 yen in November 2007, one year after the launch of the Wii, which would go on to become the company’s best-selling home console with 101.63 million units sold.
The platform holder said in May that worldwide Switch sales stood at some 56 million units since the console launched in March 2017.
As first revealed by VGC, Nintendo is planning to celebrate Super Mario Bros.’ 35th anniversary this year with several major releases, new and old.
As part of its anniversary celebrations, Nintendo will reveal plans to re-release most of Super Mario’s 35-year back catalogue in 2020, remastered for Switch, including 1996’s Super Mario 64, 2002’s Super Mario Sunshine and 2007’s Super Mario Galaxy.
The platform holder will also release several other Mario titles this year, including Paper Mario: The Origami King and a Deluxe version of 2013’s Super Mario 3D World.
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