Report: Nintendo’s Market Value Jumped By $1 Billion Following Nintendo Switch Reveal Announcement

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If Nintendo was worried about how its new console was going to be received upon being revealed, it shouldn’t have been: the company’s market value has reportedly risen by $1 billion overall since before its Nintendo Switch announcement video even went live. The Wii U may have fallen flat with consumers and third-party developers, but if this news has taught us anything, it’s that we should never count the Big N out.

The report, which comes by way of Bloomberg (via Game Informer), states that “shares of Nintendo surged as much as 4.6 percent at midday in Tokyo on Thursday, adding more than $1 billion in market value in their biggest rally in a month.” Overall, the company has seen its stock rise by more than 50 percent in 2016 alone, undoubtedly thanks, in part, to the success of Pokemon GO.

So, we know what form Nintendo Switch will take when it launches next year, but what about price? There’s been no official word from Nintendo just yet, but market analyst David Gibson tells Bloomberg that he expects it to be around $250 and to sell over 2.5 million units within its first month of availability. The estimates further suggest that sales will reach 10.6 million by March 2018. Of course, this is all just educated speculation so far, and unforeseen variables can always upset the state of affairs, so take them with a pinch of salt.

Expect more Nintendo Switch details to come forth over the next few months.

Source: Bloomberg