“The share price looks overvalued”.
The much-rumoured Switch successor that Nintendo fans and investors alike are eager to see officially revealed will struggle to match the current console’s overall hardware sales, according to analysts quoted in a new Bloomberg report (thanks, GoNintendo)
Anticipation for the system has sent shares of the company to a record high in recent weeks, although industry analysts for Goldman Sachs, CLSA Securities, and Macquarie Group have suggested that Nintendo will have its work cut out to exceed the level of interest and unit sales that the current console has enjoyed since 2017. Switch has sold over 132 million units as of November 2023.
Read the full article on nintendolife.com
