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Demand for Animal Crossing: New Horizons and the Nintendo Switch has incurred a new 52-week high for the company’s share price (via Nintendo Life).
“If we were in a swirling blizzard, Animal Crossing: New Horizons would be a tiny tea light whose flame flickers but never extinguishes,” I said in my review of the new entry to the social sim series. New Horizons has been the perfect pandemic partner for plenty of players, and its multiplayer lets a maximum of eight players run amok on the island and share screenshots on social media. The game is very popular, and sold almost two million copies in its first week in Japan.
Since then, Nintendo found that it was “unable to keep up with rising demand” for the game and the console, and had chosen to cease shipments of the Switch for some time. States of emergency have been called in the prefectures of Kanagawa, Saitama, Chiba, Osaka, Hyogo, and Fukuoka, and the city of Tokyo as a result of the coronavirus crisis. Fortunately, partner factories in China and Viet Nam have “recovered to a certain point,” and “more systems are on the way.”
Nintendo share price has achieved a new 52 week high.
Last time it hit its current price was in March 2018 which was a record high for the Switch era.
Strong demand for Switch and Animal Crossing + gaming in general being the key factors for recent increase. pic.twitter.com/orfQ1Bnlo5
— Daniel Ahmad (@ZhugeEX) April 16, 2020
Regardless of the turmoil on the ground, Nintendo stock seems to be soaring. Industry analyst Daniel Ahmad revealed that share prices have attained a new 52-week high, equalling its record high achieved in 2018. Animal Crossing: New Horizons has been named as one of the core motivators for the surge, as well as the unshakeable performance of the Nintendo Switch. Once again, first party titles are buoying the console, and with the upcoming Xenoblade Chronicles: Definitive Edition, Pokémon Sword & Shield expansions, and Breath of the Wild 2, the company could weather any storm.
Animal Crossing: New Horizons is out now for the Nintendo Switch.
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