Shares in a Japanese multinational video game company Nintendo Co.,Ltd NTDOY up almost 6% in intraday trade in Japan after its family-friendly online shooter game turn 3 became the biggest Switch debut with 3.45 million units sold in the Asian country during its opening weekend, reports Bloomberg.

Also read: Nio climbs 18% on positive analyst reports: Hong Kong stocks mixed as Xi-Putin meeting, US inflation data in focus

The long-awaited release was and surpassed the #1 initial domestic sales of all Switch titles Animal Crossing: New Horizons 1.88 million units, the report says. Animal Crossing has given Nintendo’s software sales a big boost during the COVID-19 pandemic and has helped sustain demand for hardware for the platform, it said.

take analyst: city analyst Junko Yamura and Sachiho Uzaki said that sales of new Nintendo titles have been ahead of forecasts on almost every occasion, the report said, citing an analyst note. “As of today, any negative impact of a North American recession on demand for games has been limited,” it said.


Source story