Nintendo’s Stock Rockets Higher as Switch Debuts in China

Nintendo’s Stock Rockets Higher as Switch Debuts in China

5 years ago
Anonymous $4bURcB5AtU

https://wccftech.com/nintendos-stock-rockets-higher-as-switch-debuts-in-china/

Nintendo's (TYO:7974) shares soared to a 19-month high on Tuesday as the company launched its flagship Switch console in China in partnership with the Chinese tech giant Tencent (HKG:0700).

With a retail price of around 2,099 yuan ($297), the console currently supports a single launch title – New Super Mario Bros. U Deluxe Edition. Additionally, the release of Mario Kart 8 Deluxe Edition (read our coverage here) and Super Mario Odyssey on the platform is expected within the next few weeks. Keeping in view the present dearth of titles, Nintendo and Tencent are reportedly working to localize an expanded range of games. Even so, some titles such as ‘the Legend of Zelda: Breath of the Wild’ will require a protracted introduction timeline due to the complexities involved.