Sections

Connect with world renowned investors

14 - 16 April 2021

Join the event

Nintendo and Sony share prices rise to record highs

Switch and PlayStation 5 drive stock high enough to surpass Wii and PlayStation 2 levels

Japan's two biggest video games companies saw major gains last week as demand for consoles rise ahead of the holidays.

Bloomberg reports Nintendo shares rose more than they have in over a year on Thursday, up 6.6%.

It reached a high of ¥67,850 ($647.97) per share -- the highest since December 2007, driven by the Wii's first successful year.

Meanwhile, Sony Corporation's stock 2.66% over the course of Thursday to ¥10,025 ($95.67) per share.

It's the first time the company's share price has risen beyond ¥10,000 since 2001, when the PlayStation 2 was growing rapidly.

In 2020, both companies have been boosted by the ongoing success of their latest consoles.

Despite launching in 2017 and the competition for attention against next-gen consoles, Nintendo Switch has been a consistently strong seller all year.

In both the US and EMEAA territories last month, it outsold both the newly-launched PlayStation 5 and Xbox Series X|S in terms of units.

However, PlayStation 5 generated the most dollar sales in the US during its first month and, as with the Xbox Series X|S, would likely have sold more had there been additional stock available.

Bloomberg notes that video game stocks have surged this year as more people have stayed at home during the pandemic.

Both Capcom and Koei Tecmo also hit record highs on the Tokyo Stock Exchange on Thursday.

Connect with world renowned investors

14 - 16 April 2021

Join the event

More stories

Sony's MLB: The Show 21 on Xbox Game Pass was an MLB decision

MLB looking to expand the potential of its video game

By Christopher Dring

Upgraded Nintendo Switch reportedly using latest Nvidia graphics chip

Nvidia's Deep Learning Super Sampling technology uses AI and machine learning to create higher-resolution graphics

By Marie Dealessandri

Latest comments (1)

StevenEugen1213 Web Designer & Developer, Download Alexa App3 months ago
It is good for nintendo. But unfortunaly nintendo not lunching its switch pro in 2020.
0Sign inorRegisterto rate and reply

Sign in to contribute

Need an account? Register now.