Nintendo's stock value keeps rising as, on Monday, its share price rose 3.05%, closing at ¥34,100 on the Japanese exchange market, meaning it has surpassed another old peak, set during Christmas 2008. Back then, Nintendo sold over 20 million units of the Wii and Nintendo DS consoles in just one quarter.
Investors around the world trust the Switch, it seems, as Nintendo's share price has hit its highest point in almost eight years, but it's still far from the bubble of 2007, when it reached ¥70,000 per share. At this value, Nintendo's Market Cap is ¥4.9T, not far from Sony's ¥5.28T. With E3 2017 incoming, though, Nintendo has to show that there will be enough AAA games for the Switch in the future, to ensure that people remain confident in the console.
Will Nintendo's stock value stay solid?