Nintendo Stock Hits A New 52-Week High, Thanks To Strong Demand For The Switch And Animal Crossing: New Horizons

For months now, the Nintendo Switch and a number of select titles have been selling out. It should be no surprise then to hear the company’s share price has achieved a “52 week high” according to Niko Partners senior analyst, Daniel Ahmad.

The last time it managed to do this was in March 2018. As noted, the strong demand for the Switch and the lifestyle simulation Animal Crossing: New Horizons are key contributing factors.

Nintendo share price has achieved a new 52 week high.

Last time it hit its current price was in March 2018 which was a record high for the Switch era.

Strong demand for Switch and Animal Crossing + gaming in general being the key factors for recent increase.

Although the coronavirus pandemic has resulted in stock shortages around the globe, Nintendo has still been able to distribute enough consoles and games to bank some serious cash. The standard model Switch has been selling out everywhere, and its exercise game Ring Fit Adventure has become increasingly popular since its arrival last October.

What Nintendo products did you buy in the month of March? Let us know down below.

[Source : Nintendolife.com]

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