- Nintendo (OTC:NTDOY) stock levelled-up to a record high of ¥9,587 (C$89.43) this week, reflecting growing excitement among investors and audiences for the upcoming successor to the Nintendo Switch
- Despite a lacklustre earnings outlook, the anticipation for the new console has driven share values to unprecedented levels
- This past summer, the company’s shares took a significant hit, though Nintendo has made a solid recovery, thanks in large part to the successful releases
- Nintendo stock (OTC:NTDOY) last traded at US$15.07 on the OTC market
Late December might be a time of reflection for many, but everyone seems to be waiting to see what Nintendo (OTC:NTDOY) does next.
Nintendo’s stock levelled-up to a record high of ¥9,587 (C$89.43) this week, reflecting growing excitement among investors and audiences for the upcoming successor to the Nintendo Switch, which is believed will be officially announced sometime in early 2025. Despite a lacklustre earnings outlook, the anticipation for the new console has driven share values to unprecedented levels.
The surge in Nintendo’s stock comes after a challenging period earlier in the year. This past summer, the company’s shares took a significant hit, though as Stockhouse predicted, things turned around.
However, Nintendo has made a solid recovery, thanks in large part to the successful releases of remakes for “Paper Mario: The Thousand-Year Door” and “Luigi’s Mansion 2,” as well as new titles like “Princess Peach: Showtime!”, “Mario and Luigi: Brothership”, “The Legend of Zelda Echoes of Wisdom”, and “Mario vs. Donkey Kong.”
Nintendo had more good news come its way this week as its Switch console was tracked to have surpassed PlayStation2 sales in U.S. lifetime hardware unit sales.
The video game industry has faced tumultuous times since the summer of 2023, but Nintendo has demonstrated resilience, achieving a major milestone with its current stock value. This isn’t the first time Nintendo has seen such a surge in anticipation of a major console release. The company experienced a similar jump in late 2006 with the release of the Nintendo Wii, which led to record-high shares in 2007 at ¥6,780. For context, Nintendo shares were trading at just ¥1,710 at the start of the 2000s. The current record represents a staggering 484.21 per cent increase over the past two decades, highlighting the growing value of both the gaming industry and Nintendo’s exclusive offerings.
Looking ahead, analysts predict that Nintendo’s stock value may continue to rise as the announcement of the new console approaches. The market appears to be pricing in the anticipated revenue boost from the new console, expected to be revealed in spring 2025. However, some analysts caution that the stock could see a slight retreat post-announcement, as is common with major product reveals.
Rumors and leaks about the new console have been circulating, with third-party accessory makers already designing cases based on purported measurements. This buzz has only added to the excitement and speculation surrounding Nintendo’s next big move.
As 2025 approaches, all eyes are on Nintendo to see how the company will capitalize on this momentum and continue to innovate in the gaming industry.
With headquarters in Kyoto, Japan Nintendo Co., Ltd. is a multinational video game company that develops, publishes and releases video games and video game consoles.
Nintendo stock (OTC:NTDOY) closed Thursday nearly 2 per cent higher at US$15.07 on the OTC market.
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