Shares of Nintendo Co., Ltd. climbed almost 3% after the Kyoto-based consumer electronics company unveiled its new gaming console – the Switch. The product was presented in a three-minute online video, which caused a temporary crash of Nintendo's website as fans flocked to watch the long-awaited footage. Nintendo said it is going to launch the console in March next year, as previously promised.
A trailer for the new gadget showed it can be used at home or on the go, all with the same hardware able to be plugged into a television screen or carried as a portable device. The console can be used by two people to play on the same Switch screen, which Nintendo says has a bright high-definition display.
Nintendo Switch "gives game developers new abilities to bring their creative visions to life by opening up the concept of gaming without boundaries," president at Nintendo of America Reggie Fils-Aime said.
Nintendo's stock jumped 2.97% to $260 at 4:19 p.m. CET, bagging a stunning 89.50% since the start of this year.
Image: EPA / Kiyoshi Ota
