Nintendo Co’s shares traded as much as 4% higher after the company said its new gaming console, the Switch, sold at a record pace in the US since its launch.
The new console sold 906,000 units in North America during March, according to industry researcher NPD Group. Nintendo said that the device “sold faster in its launch month than any other video game system in Nintendo history.”
Even though it has limited graphics ability, the Switch has received praise for its console-tablet hybrid design. This led to a consistent shortage in supply during the first six weeks of sales, which encouraged investors to speculate that the machine might become more popular than the Wii, which is the company’s best-selling home console.
