wraggster
December 18th, 2020, 12:29
Japan's two biggest video games companies saw major gains last week as demand for consoles rise ahead of the holidays.
Bloomberg (https://www.bloomberg.com/news/articles/2020-12-17/nintendo-surges-leading-gaming-stocks-higher-as-holidays-near?srnd=technology-vp) reports Nintendo shares rose more than they have in over a year on Thursday, up 6.6%.
It reached a high of ¥67,850 ($647.97) per share -- the highest since December 2007, driven by the Wii's first successful year.
Meanwhile, Sony Corporation's stock 2.66% over the course of Thursday to ¥10,025 ($95.67) per share.
It's the first time the company's share price has risen beyond ¥10,000 since 2001, when the PlayStation 2 was growing rapidly.
In 2020, both companies have been boosted by the ongoing success of their latest consoles.
Despite launching in 2017 and the competition for attention against next-gen consoles, Nintendo Switch has been a consistently strong seller all year.
In both the US (https://www.gamesindustry.biz/articles/2020-12-11-us-games-spending-breaks-november-records-at-usd7bn) and EMEAA territories (https://www.gamesindustry.biz/articles/2020-12-10-nintendo-switch-comes-out-ahead-of-ps5-in-huge-november-for-video-games-emeaa-charts) last month, it outsold both the newly-launched PlayStation 5 and Xbox Series X|S in terms of units.
Nintendo and Sony share prices rise to record highs | GamesIndustry.biz (https://www.gamesindustry.biz/articles/2020-12-17-nintendo-and-sony-share-prices-rise-to-record-high)
Bloomberg (https://www.bloomberg.com/news/articles/2020-12-17/nintendo-surges-leading-gaming-stocks-higher-as-holidays-near?srnd=technology-vp) reports Nintendo shares rose more than they have in over a year on Thursday, up 6.6%.
It reached a high of ¥67,850 ($647.97) per share -- the highest since December 2007, driven by the Wii's first successful year.
Meanwhile, Sony Corporation's stock 2.66% over the course of Thursday to ¥10,025 ($95.67) per share.
It's the first time the company's share price has risen beyond ¥10,000 since 2001, when the PlayStation 2 was growing rapidly.
In 2020, both companies have been boosted by the ongoing success of their latest consoles.
Despite launching in 2017 and the competition for attention against next-gen consoles, Nintendo Switch has been a consistently strong seller all year.
In both the US (https://www.gamesindustry.biz/articles/2020-12-11-us-games-spending-breaks-november-records-at-usd7bn) and EMEAA territories (https://www.gamesindustry.biz/articles/2020-12-10-nintendo-switch-comes-out-ahead-of-ps5-in-huge-november-for-video-games-emeaa-charts) last month, it outsold both the newly-launched PlayStation 5 and Xbox Series X|S in terms of units.
Nintendo and Sony share prices rise to record highs | GamesIndustry.biz (https://www.gamesindustry.biz/articles/2020-12-17-nintendo-and-sony-share-prices-rise-to-record-high)