Nintendo and Sony shares have reached highs not seen in over a decade following strong console sales in the run-up to Christmas.
SwitchmakerNintendorecorded its biggest gain in over a year in Tokyo on Thursday,Bloombergreports.
Shares in the house of Mario jumped 6.6% to reach their highest level since December 2007, the same month Wii Fit and the Wii Balance Board debuted in Japan.
Riding high following thePlayStation 5launch last month,Sonyalso surpassed the ¥10,000 per share mark for the first time since 2001, the year afterPS2hit the market.
In a statement published in November, Sony suggestedPS5 had enjoyed the biggest console launch in historyafter beatingPS4’s record.
However, Nintendo’s Switch was the highest-selling console in theUnited States,EuropeandJapanlast month.
CapcomandKoei Tecmoalso hit record highs in Tokyo on Thursday.
“Investors have their attention toward game makers amid the recent coronavirus spread and the upcoming Christmas season,” Ryuta Otsuka, a strategist at Toyo Securities, told Bloomberg.
In an interview published this week, Nintendo of America presidentDoug Bowser played down reportsthat the company’s planning to launch a new ‘Switch Pro’ console but suggested it could improve the system’s Joy-Con controllers to mitigate the prominent ‘drifting’ defect.
