One more feather in Nintendo's (market) cap
Nintendo’s run since the Switch launched hasn’t just been fantastic, it’s been better than anyone could have ever imagined. That likely includes those at Nintendo, who were no doubt hoping for the Switch to be a hit after the Wii U failed to find an audience. Now 6+ years after the Switch launched, its success has helped Nintendo reach an all-new high.
For years now, Nintendo has been chasing their stock market high from the Wii and DS era. Nintendo’s one-two punch of hardware back in the mid-to-late 2000s propelled the company to astronomical heights, and some thought the Big N would never see those levels again. Today proves those who felt that wrong.
On the last date of trading for 2023, Nintendo’s stock has now reached its highest point in company history. This is no doubt due to the amazing success the Switch has seen, the millions upon millions of software units moved, and of course, the near-impossible popularity of The Super Mario Bros. Movie.
It’s quite likely we won’t see Nintendo reach this new high for quite some time, or ever again. Of course, Nintendo loves to prove people wrong, and I’d have no problem being one of them!