3 Signs That the Switch Console Will Push Nintendo Stock Higher

Nintendo (NASDAQOTH: NTDOY) is on the comeback trail, and its outlook is more promising than at any point in the last five years. The company is finding success by branching into new business segments, with its mobile and licensing businesses increasing 450% year over year to account for roughly 6% of revenue last quarter. That's a laudable contribution for a pair of relatively new ventures, but Nintendo's console video game hardware and software sales will remain the most important performance drivers for the foreseeable future.

Luckily for the Japanese gaming giant, its recently released Switch console is off to a great start.

Image source: Nintendo.

Source: Fool.com