Nintendo Crushes Earnings on the Back of New Switch Models
One of the better-performing consumer discretionary stocks this year has been Japanese game-maker Nintendo (OTC: NTDOY). Following the recent release of its second-quarter earnings report, which trounced expectations, Nintendo’s stock is now up around 47% on the year in 2019.
Nintendo has been riding a wave of success on the back of its Switch console gaming system, which doubles as both a console and a hand-held device. Though it was first introduced some two years ago, the past quarter saw the introduction of two new models: a Switch with long battery life, and the handheld-only Switch-Lite.
In addition, Nintendo also released several big software titles for the Switch this year, including Super Mario Maker 2 in June, Fire Emblem: Three Houses in July, and The Legend of Zelda: Link's Awakening in September. The company also released two new mobile games, a smaller segment where the company has yet to gain much traction. These were Dr. Mario World in July and Mario Kart Tour in September.
Source Fool.com
