Will Nintendo's Surging Switch Sales Boost NVIDIA's Stock?
Nintendo's (OTC: NTDOY) stock recently hit a 52-week high after its six-month earnings report impressed investors with robust top revenue growth. Its revenue rose 14% annually to 443.97 billion yen ($4.1 billion), thanks to a 33% jump in Switch revenue.
Its total Switch shipments surged 37% to 6.93 million units as shipments of the new Switch Lite offset a 2% dip in shipments of full-size Switches. Nintendo also stated that it had shipped 41.7 million Switch consoles since its launch in March 2017.
Image source: Nintendo.
Source Fool.com
