Nintendo reached the highest market value in the company’s history before the Switch 2 launch. The company’s share price, which is traded on the Tokyo Stock Exchange, rose to $85.85, and its total value rose to $111.4 billion.
Nintendo breaks a record with its market value
Thus, Nintendo became the fifth largest company in Japan. The company entered this list and began to be mentioned together with giants such as Sony, Toyota and Mitsubishi. The company’s market value increased by 44.9% in the last year.
At the center of this growth is the new generation game console Switch 2, which will be released on June 5. More than 2.2 million pre-order applications have been received in Japan so far. Sales reports published at the end of April also revealed once again that demand is at a record level.
Not only in Japan, but also in major technology stores in the US, Switch 2 pre-order stocks have completely sold out. All quotas of the product were filled in a short time in all chains such as Target, Best Buy, Walmart and GameStop.
The rise in stocks is parallel to the high expectations created by the Switch 2 on a global scale. With this momentum, Nintendo is expected to rise even higher among Japan’s most valuable companies in the coming weeks.
With the release of the Switch 2, it is expected that sales figures will increase as well as investors’ interest in the company will be renewed. So what do you think about this? Do you use a game console? You can share your answers with us in the comments section below.
