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Nintendo share value goes up following Switch release

- Nintendo shares gained a little over 4% by the close on March 3rd
- growth has continued since then
- stock is at its highest point in a month

The following comes from Atul Goyal, an analyst at Jefferies Group...

There's a sigh of relief today [3rd March] that the actual launch has gone smoothly so far. We have to wait and see if any major issue comes up by the end of the week.

The following comes from Piers Harding-Rolls, head of games research at IHS Markit...

While this early adoption phase is important to build sales momentum, it can only take the Switch so far. Convincing a wider audience to commit to the platform will take some work. A mixture of compelling content and features, price point, word of mouth and effective marketing will all need to come together to engage this broader audience.

Thanks to Socar for the heads up!

Categories: General News

Comments

Stocks are still dumb.

Unless you don't know how they work....:P

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