The shares of Nintendo have reached their all-time high in value
NintendoOn the last trading day of the stock market, December 29, the value of Nintendo's shares surpassed its all-time high. Bloomberg reporter, Heroid Reidy, took note of the company's new achievement.
The price per share of Nintendo reached 7359 yen, approximately equal to 52 dollars at the current exchange rate, marking its best performance since 2007 when the company reaped high profits from Wii and DS consoles.
This success is likely tied to the strong sales of the Nintendo Switch and the releases of games like The Legend of Zelda: Tears of the Kingdom and Super Mario Bros. Wonder. Also noteworthy is the release of the movie "Super Mario Brothers: The Movie," which became one of the highest-grossing films of 2023.
Analysts forecast that after the market reopens in February 2024, the stock value will continue to rise, surpassing the current record. Currently, the company is preparing to launch a new console, the successor to the Nintendo Switch.
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