Share of Nintendo surged pitched on Tuesday,reports suggests that the company would be releasing new versions of its blockbuster Switch console as soon as this year.
Nintendo’s stock started to upsurge in the morning, surging beyond 5 percent, though some of those gains were reviewed in the afternoon. It last traded higher by 4.86 percent.
The Wall street journal reported on Monday that Nintendo is set to release two new versions of its bestselling console. It stated suppliers and developers for Nintendo, said one of the new versions will have improved features aimed at passionate gamers. The other model would be a cheaper version for casual players, hyped as a successor for Nintendo’s hand-held 3DS console, which was long due for an upgrade since its launch.
The New versions of Nintendo Switch are expected to be announced in June.
The report also claim electronics maker Sharp was expected to supply liquid-crystal displays for the new variants of Switch. Shares of Sharp jumped 3.9 percent in afternoon trade.
Switch, advertised as a hybrid console allowing gamers to play on the go and at home when connected to a TV. Nintendo’s record of accomplishment on the life cycle of previous console upgrades, Kazunori Ito an equity analyst , said it would make sense for Nintendo to launch a cheaper model of Switch, as that would suit its strategy to sell more than one such console per household.
Company’s fortunes has completely turned upside down after they introduced Nintendo Switch to the gaming world.
