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Nintendo Stock Price Soars 10% as New Pokemon Game 'Pokemon Pokopia' Surges in Popularity
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Nintendo (7974.JP) stock price proliferated 10%, notching the largest increase since April, due to the unexpected popularity of the new Pokemon game "Pokemon Pokopia", which offset market concerns about rising memory chip costs. By far, the physical version of "Pokemon Pokopia" has sold out at major retailers in the US. Analysts from Jefferies believed that the popularity of "Pokemon Pokopia" will give rise to strong growth in sales of Switch 2, helping to mitigate the negative impact that has vexed Nintendo's stock price since the end of last year. Amazon (AMZN.US) has raised the average price of "Pokemon Pokopia" to USD80, indicating the game is big hit. AASTOCKS Financial News Website: www.aastocks.com |
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