Please support Game Informer. Print magazine subscriptions are less than $2 per issue
Report: Nintendo Switch Reveal Announcement Raised Nintendo's Market Value By $1 Billion
Yesterday evening, Nintendo teased that it would finally reveal the elusive NX console. Today, we found out that its official name is the Nintendo Switch, along with several of its features including a play-and-go functionality and that it uses cartridge-based games. The anticipation for this reveal was huge, and the announcement that a teaser was on its way made Nintendo's stock rise by more than $1 billion overnight.
According to Bloomberg, who spoke to analyst David Gibson from Macquarie Securities, he believes that the Nintendo Switch will cost around $250, along with a prediction of selling 2.5 million units in its first month and 10.6 million by March 2018. Keep in mind that these are estimates, which will likely fluctuate and change going forward.
You can watch the reveal trailer for the Nintendo Switch by heading here.
[Source: Bloomberg]
Our Take
According to the Bloomberg report, Nintendo's stock has increased by 50% this year, likely do to successes such as Miitomo and Pokémon Go. I'd be curious to see if these numbers continue to rise now following the reveal of the Nintendo Switch earlier today.
I’d like to ask you to support Game Informer’s continued coverage of games with a subscription. For less than two dollars per issue, we mail you a full year of 10 print magazines, each with cover stories and preview features filled with exclusive details about the most exciting upcoming games. We profile and interview game creators. We look back on the rich history of gaming, and we celebrate what’s next.
Here on the website, we offer much of our content for free, including game reviews, daily news, videos, event coverage, and more – all with minimal ads.
We do so with a small editorial team, alongside contributing paid writers from around the world – over 65 individuals from 9 countries around the world, just in the last couple of years.
It’s not possible without support.
In a time when game makers and games coverage have faced hard struggles and layoffs, the future of this 30+ year magazine and community is at risk. Our new standalone magazine subscription is the number one way you can keep us alive – and we believe you’ll get a pretty fantastic gaming magazine in your mailbox every few weeks for your trouble.
Thank you.
