🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Nintendo shares jump 5% on record 'Splatoon' launch

Published 09/12/2022, 09:15 PM
Updated 09/12/2022, 09:21 PM
© Reuters. Nintendo logo is seen in a GameStop in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kelly
7974
-
SWCH
-

By Sam Nussey

TOKYO (Reuters) - Shares in Nintendo Co Ltd (TYO:7974) jumped 5% on Tuesday after the Japanese gaming company reported record domestic launch sales for its shooter "Splatoon 3" on the Switch (NYSE:SWCH) console.

The latest "Splatoon" title, in which players engage in an inky turf war, sold more than 3.45 million units in the three days following its Sept. 9 launch.

That exceeds launch sales of games such as "Animal Crossing: New Horizons" and "Super Smash Bros. Ultimate", which have sold 39.4 million and 28.8 million units globally.

The strong early numbers point to the ongoing appeal of the Switch console, which has an install base of 111 million units, in its sixth year on the market and Nintendo's continued ability to generate crowd pleasing hits.

Investors are gauging the extent of industry deacceleration as a stay-at-home boom during the COVID-19 pandemic that drove sales of island life simulator "Animal Crossing" unwinds.

© Reuters. Nintendo logo is seen in a GameStop in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kelly

The industry has delayed high profile titles into next year, with Nintendo pushing back the release of the hotly awaited sequel to "Legend of Zelda: Breath of the Wild".

The Kyoto-based firm has a robust release schedule ahead of the year-end shopping season, with two Pokemon titles due to launch in November.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.