Hi HODLers, Hiveans and Lions,
Nintendo had announced the Switch 2 console would start at $449.99.
The price increase compared with the current $299.99 Switch disappointed some frugal gamers, leading some skeptics to say the Switch 2 wouldn’t be as successful.
Even in a tariffs environment, I believe gamers would still pay for Switch 2 despite a potential $100/$150 higher price. Also, even if gamers do like physical games, by buying them digitally, they would be able to circumvent the tariff.
Reviews about the console are extremely positive and we know all the golden IP this company holds!
Nintento Switch 2 Presentation
Price Performance
Stock is up 23% YTD and is valued at 30x P/E NTM which is quite high but what you would expect for such a qualitative company.
Thoughts?
Stay safe out there,
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