We don’t often talk about stock prices and the like on the website because, to be blunt, it can be very boring chatter to do. However, in this case, the stock prices of Nintendo aren’t just record-setting; they’re tied to a key moment in history that draws closer. You see, their stock prices rose so much that the company’s overall value is over $69 billion! The stock hasn’t been that close since November 2007, which shows just how well things are going. To be fair, according to Nikkei Asia, there are many reasons why the stock prices have gone up, but the biggest reason is the speculation about The Big N’s next console.
After all, the Nintendo Switch is definitely in its “last year,” and gamers can feel that because we only have three confirmed 1st party titles coming in 2024, all featuring Mario or his friends. While that’s not a bad thing, that hardly stacks up against the plethora of titles we had announced during 2023, including big games that were coming out in the first three months alone.
Due to this “lack of content,” the speculation about the next console has been rapid and all-consuming. You could even argue that people are “frothing at the mouth” to learn more about the Switch successor, which is only being bolstered by The Big N keeping their mouths shut about it.
Some of the speculation that has been put out is that it is a “super powerful” console that could be on par with either the Xbox One/PS4 or even the Xbox Series X/PS5. There have also been loads of software speculation, including cult-classics getting full-on remakes, big 3rd party titles coming to Nintendo platforms for the first time, and so on.
Going back to the stock price dates, if you have a feeling that “November 2007” feels important, it’s because that was one year after the Wii came out. That console came out of nowhere to become the biggest thing in the world, and the system was constantly selling out. That drive led to the stock prices going way up, and it’s ironic that the Switch’s last year is having the same effect.
We have no idea when the company will do their “presentation” for their next system, but they have said that they will do it when it’s “close to the time of launch.” So until then, we’ll just have to wait and hope for news.
