Shares of Sony and Nintendo began to grow rapidly and reached record levels for more than 10 years. Experts attribute the increased interest of investors to the second wave of coronavirus and the upcoming holidays.According to Bloomberg, today Nintendo shares on the Tokyo Stock Exchange rose by 6.6% and reached a value of 67,850 ($658) for each paper.
The last time the company achieved similar indicators was in December 2007 in the wake of the Wii’s success.
The price of one Sony share rose by 2.66% and reached ¥10,025 ($97.2), breaking the mark of ¥10 thousand for the first time in 19 years. The previous record of the company was associated with the success of the PlayStation 2.
Despite the launch of the PlayStation 5 and Xbox Series X|S, last month the Switch became the best-selling console in the US and the EMEAA region. At the same time, Sony earned more than Nintendo in dollar terms.
“Investors have started paying attention to game manufacturers amid the recent spread of the coronavirus and the approaching Christmas season,” said Ryuta Otsuka, a strategic specialist at Toyo Securities.
Bloomberg reports that in November, sales of hardware and software in Japan increased by 5.5% year-on-year. Thanks to this, the quotes of companies such as Capcom and Koei Tecmo Holdings also increased on the stock exchange.