- price of Nintendo shares on the Tokyo Stock Exchange jumped 425 yen, or 1.69 percent, to 25,580 yen
- doubling of Switch production has jumped, causing the stock spike
- value is now back above where it was before the January 13 Switch media presentation
Coming from Niko Partners analyst Daniel Ahmad...
“Nintendo has seen strong demand for the Switch at launch with record-breaking sales for the company in both the U.S. and Europe. This has given Nintendo the confidence to increase production of Switch for the upcoming fiscal year. If Nintendo is able to produce and sell the amount claimed then this would be a complete turnaround from the Wii and would position the Switch as a serious competitor to PS4 and put annual sales of the console on a similar trajectory to the Wii.
The record breaking launch [of the Switch], the strong attach rate of Zelda, and the forecasted increase in production is exactly what investors have been looking to hear. It suggests that Nintendo is seeing strong demand for Switch, not just from Wii U owners, and that it is confident in the software lineup for the rest of the year.”