Nintendo Extends Gains to Record on Booming Sales of Switch 2
By and Kentaro Tsutsumi
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Nintendo Co. shares rallied the most in two months to a fresh record as investors increased their focus on the firm's strong sales growth as a shelter from global volatility.
The stock extended gains to a fifth day, adding as much as 7.1%, on signs of overwhelming demand for the Switch 2. The Kyoto-based game maker sold over 3.5 million units of the highly anticipated console in the four days since it was launched, according to data as of June 11. That vastly outstripped sales of the original Switch eight years ago.
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