Whatever your opinion on the new Nintendo console, the Switch Lite seems to excite investors in the company.
According to the Financial Times, the Switch Lite reveals that the stock has grown by 4.5% today, reaching ¥ 41,780 at its peak. This leaves Nintendo's shares at their highest level in nine months.
It's easy to see why investors would be excited about the new product. With a lower cost of $ 100 to the original Switch model, the Switch Lite is an ideal way to attract a younger audience or families who would be put off by a higher price. Dr. Serkan Toto, an analyst at the Kantan Games, said the following:
"Investors should consider the switch as a way for Nintendo to dramatically increase the installation base and extend the console life cycle for years to come.
This camera will be a mega hit. "
Wedbush Securities analyst Michael Pachter expects the console 's offer to be limited towards the end of the year, estimating that it will deliver $ 8.5 million. units during this year and 11.5 million the following year. He described Switch Lite as "the right product at the right time."
Do you agree? Do you think Switch Lite will be a huge success? We are always listening to all your thoughts on Switch Lite in the comments.