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Nintendo stock price soars due to unexpected success of new Pokémon game
Investing.com - Nintendo’s stock price surged sharply on Wednesday, after its newly released life simulation game “Pokémon Pokopia” topped sales charts within less than a week of launch.
Nintendo Co., Ltd. (TYO:7974) stock soared 10% to 10,035 yen, making it one of the best-performing stocks in the Nikkei 225 index, which rose 2.7%.
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Released on March 5, Pokopia became the best-selling game for the Switch 2 in the US and UK Nintendo digital stores.
Multiple media reports indicate that physical copies of the game sold out quickly in the US, and retailers like Walmart increased prices due to high demand.
As a spin-off of Nintendo’s popular Pokémon series, and differing significantly from the mainline gameplay involving battles and collection, expectations for the game’s sales had been relatively modest.
Since its release, Pokopia has received positive reviews, earning a score of 89 on the online review site Metacritic.
In addition to the game, Nintendo’s stock was also buoyed by optimism surrounding the upcoming release of “Super Mario Galaxy” movie, especially after the final trailer was released on Tuesday. The film is scheduled to premiere on April 1 and is a sequel to the highly successful “The Super Mario Bros. Movie” from 2023.
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