Nintendo's stock price has reached an all-time high, thanks to a fantastic 2023 that saw a record-breaking share price and the successful release of major video games.
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| Nintendo Stock Hits a Record High in 2023 |
Nintendo is a well-known Japanese company that develops and sells video games and game consoles. It's one of the largest video game companies in the world and is famous for creating popular games like Mario, The Legend of Zelda, and Pokémon.
Launching "The Legend of Zelda: Tears of the Kingdom," a game that improved the company's fortunes, was probably the turning point for Nintendo. Now, reports say that the market price of Nintendo shares has hit an all-time high that has never been seen before. This rise in share value is due to Nintendo's great performance in 2023, which included a record-breaking share price and the successful release of big video games. Read on to know more.
Nintendo Stock hits a Record high on 2023's last Day
Nintendo's stock reached an all-time high on the last business day of 2023, even higher than the company's previous high point in 2007 during the Wii era. This rise is due to the company's great year-round performance, which was led by the continued success of the Nintendo Switch, the huge popularity of The Super Mario Bros. Movies, and the amazing sales numbers of millions of software pieces.
As per reports, Nintendo made $8.671 billion in sales in the 12 months ending September 30, 2023, which is a big 10.74% rise year-over-year.
Nintendo's stock value reached an all-time high of 7,359 Japanese yen, or around $52.15 US, per share. In contrast, Nintendo's share price was as low as ¥806 ($5.71) in 2003, when it was trading at that price. Over the period of 20 years, the business has been able to sustain an average trade price of ¥2,900 ($20.55); however, the record-high share price at the end of 2023 indicates an increase in Nintendo's global value.
What’s Up Next for the Company?
The latest information about the stock market at the end of 2023 shows that Nintendo is doing well and is feeling positive about 2024 and its next game console.
The person in charge of Nintendo in America, Doug Bowser, suggested that the new console, which will come after the Switch, might allow games to be played from the older console. He said that Nintendo has made a good move with the Switch by introducing the Nintendo Account. Before, when people switched to a new Nintendo console, they had to create a new account each time. With the Nintendo Account, Nintendo can now tell players that if they switch to a new platform in the future, it will be smoother.
He explained that Nintendo wants to make the transition between the end of one console's life and the start of a new one easier. They aim to reduce the usual drop in excitement that happens during this period.
Also, Bowser suggested that the current Switch could still be around for a few more years. However, some people believe that Nintendo might release a new console in 2024.
According to VGC, the Switch 2 is expected to have 12GB of RAM and can do raytracing, but it won't be as powerful as the PS5 or Xbox Series X/S. The Switch 2 will be able to do something called NVIDIA DLSS 3.5 Ray Reconstruction, which helps it be even better at ray tracing than the PS5 and Xbox Series X/S. It uses smart technology to make ray tracing look good on devices that aren't super powerful.
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