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In the skies, Nintendo shares after the announcement of Switch Lite



In the skies, Nintendo shares after the announcement of Switch Lite


The stock price wasn’t that high for nearly a year, and analysts are extremely optimistic about the new machine.

After a lot of rumors, Nintendo finally pulled the veil off the new version of the Switch in the middle of the week, the Nintendo Switch Lite, which will be a simplified version of the console specifically designed as a handheld machine.

How did the stock market react to the announcement? Pretty good, Nintendo shares jumped 4.5% as a result of the news, and the current price is the highest since October last year. In the course of a day, the last time the value of shares rose in April.

Analysts say the machine, offered for two-thirds of the current price of $ 200, will be perfect for attracting former 3DS owners. “The lower version will be a fire on oil as this price level targets the 75 million 3DS owners who don’t have a Switch at home yet,” said Atul Goyal, an analyst at Jefferies.

The Nintendo Switch Lite will be available Sept. 20.