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Nintendo Switch Raises Nintendo Market Value By A Billion Dollars
As if gamers weren’t excited enough by the announcement of the Nintendo Switch and all of the companies that will be working with it, stockholders are excited to. The reveal of the console earlier this morning apparently raised the Nintendo market value by a billion dollars, similar to the release of Pokemon Go (at least before shareholders realized that it wasn’t strictly a Nintendo property).
Considering all of the anticipation surrounding the Nintendo Switch for the past few months, now that the reveal has finally come the sudden skyrocket in Nintendo market value isn’t really that surprising.
Pokemon Sun and Moon getting ever closer to coming out, along with other Nintendo properties like The Legend of Zelda: Breath of the Wild (which got another gameplay trailer early today), are building more and more anticipation for Nintendo for this year and the next.
The games, along with the Nintendo Switch’s low price (around 250 dollars according to David Gibson, an analyst for Macquarie Securities), will likely give Nintendo a new, relatively cheap console that gamers can use, and will even give it greater staying power with the console’s portability option, and other companies that are working on games for it.
Gibson has also estimated that when the Switch releases it will sell 2.5 million units by the end of its first week, and around 10.8 million units by the end of the first year after its release. While these are just rough estimates, hopefully the Switch will be everything that the Nintendo Wii U was, but better, and raise the Nintendo market value even higher.
The Wii U first came up with the “remote play” option, and allowed players to use the GamePad separately from the main console, but found itself someone handicapped by a lack of many titles for it and lower specifications compared to the Xbox One and Playstation 4.
Hopefully Nintendo has noticed all of these issues and fixed them, so that the Switch can once again join the trifecta of big-name consoles.