The demand for Games has Soared Under The Epidemic
Increasing epidemic situation + holiday game demand Sony stock price breaks 10,000 for the first time in nearly 20 years, Nintendo reaches a 10-year high.
The demand for games has soared this year under the epidemic, which drove the hot sales of game console Nintendo Switch, and Sony’s newly launched PS5 was also snapped up. As the epidemic has not retreated and the Christmas holiday is approaching, investors are also paying attention to the game console market. Nintendo’s stock price rose by more than 6% today (17), reaching the highest level since December 2007. Sony’s stock price is also today. Since 2001, it broke the 10,000 yen per share mark for the first time.
“Bloomberg” reported that the share price of Japanese game maker Nintendo closed up 6.61% today to 67,600 yen per share, the highest since December 2007; Sony’s share price closed up 2.66% to 10,025 yen per share. It exceeded 10,000 yen per share for the first time since 2001.
According to a report by SMBC Nikko analyst Eiji Maeda, the total sales of soft and hardware in the Japanese home game console market increased 5.5% annually in November this year. Ryuta Otsuka, a strategist at Toyo Securities Co. in Japan, also pointed out that the recent spread of the epidemic and the upcoming Christmas season have caused investors to pay attention to game console manufacturers.
According to the report, both Sony and Microsoft released new game consoles in November, and the number of confirmed cases of Wuhan pneumonia (new coronavirus disease, COVID-19) in Japan also increased that month. According to a report by “NHK”, the number of newly diagnosed people in Tokyo, Japan today reached more than 800.
The demand for Games has Soared Under The Epidemic - /10