The perfect storm of quarantine and a hit Nintendo Switch game in Animal Crossing set the Japanese gaming company up for financial success.
Nintendo Switch consoles are out of stock nearly anywhere you look online, mostly due to one little life simulation game: Animal Crossing.
Since Crossing’s release last month, the original model of the Nintendo Switch has been selling out of warehouses and curbside pickup retail locations like no tomorrow.
With the Ring Fit bundle and Switch Lite consoles remaining the last of the Nintendo consoles readily available for purchase, Nintendo is experiencing a major uptick in hardware and digital sales.
News of the Nintendo stock success comes from a tweet by Senior Analyst for Niko Partners, Daniel Ahmad.
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. pic.twitter.com/orfQ1Bnlo5
— Daniel Ahmad (@ZhugeEX) April 16, 2020
The Nintendo Switch already has surpassed the lifetime sales of the Nintendo Wii in Japan, which is an unimaginable feat if you remember the Wii craze of the 2000s.
Up-and-coming games for the Nintendo Switch include The Legend of Zelda: Breath of the Wild 2 and Metroid Prime 4. Hit games such as Mario Kart 8 Deluxe and Super Mario Odyssey are top performers for the handheld console hybrid.
With the DLC for Super Smash Bros. Ultimate along with Pokémon Sword and Shield keeping those mainstay Nintendo series alive and well, chances are Nintendo’s profit margins will increase all the more in the coming months.
A new Nintendo Switch model has been rumored for some time now, but no official word has surfaced about a “pro” version of Nintendo’s latest console.