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Investing.com-- Nintendo Co (TYO:7974) shares climbed to a record high on Wednesday, extending gains for the fifth straight day, bolstered by sales momentum for its new Switch 2 console.
Investor sentiment has been lifted by reports of strong consumer demand since the console’s launch on June 5.
The upbeat performance follows news that Switch 2 became the fastest-selling home gaming device in the company’s history, selling over 3.5 million units in its first four days, outpacing all prior Nintendo systems.
Shares of the game maker rose as much as 7% to 13,320 yen, reaching their highest level ever.
The Switch 2 features a larger screen, enhanced graphics, redesigned Joy‑Con 2 controllers with mouse capability, and a new GameChat 2 feature that supports voice and video chat, innovations that have resonated with fans. Key launch titles such as "Mario Kart World" have been instrumental in lifting early sales.
Nintendo has projected sales of 15 million Switch 2 units for the fiscal year 2026.