Nintendo Share Price Reaches All-time High After Strong 2023

Finally Beat Old Record From 2007!

Story Highlights
  • Nintendo has released some of the best games in 2023, with Zelda being the highest-rated one.
  • Thanks to the impressive games line-up, the share price of the company has reached a new high.
  • This is a massive record for the company, marking the first time it has broken an old record from 2007.

While there were many great releases from Xbox and PlayStation this year, Nintendo may have been the best-performing console manufacturer of 2023. With games like Zelda: Tears of the Kingdom and Super Mario Wonder, multiple Nintendo games made it into the list of best games from 2023.

Tears of Kingdom is also the highest-rated release of the year, right next to Baldur’s Gate 3. Due to this phenomenal line-up, the share price of Nintendo skyrocketed and is at an all-time high.

Why it matters: The company has the weakest hardware compared to its rivals. However, when it comes to results, both PlayStation and Xbox often struggle to match this Japanese gaming giant.

Releases like Zelda: Tears of the Kingdom, Super Mario Wonder, Metroid Prime Remastered, and Pikmin 4 are just a few of the games that contributed to the new share price.

As pointed out by Gearoid Reidy, Nintendo has beaten its own record from 16 years ago after its shares peaked at a new high in 2023. Part of this success also came from the strong performance of the Nintendo Switch.

Despite its age, the console shipped millions of units this year, moving beyond 132 million sales. The anticipation around the Switch 2 and a strong first-party offering ensured that this console stayed relevant on the market.

In addition to the console, first-party games also reported impressive sales figures. Tears of the Kingdom became one of the year’s fastest-selling games, breaking the 10 million sales barrier in just three days.

The Legend of Zelda: Tears of The Kingdom Nintendo Switch

Other titles also sold well throughout 2023, with Mario Kart 8 Deluxe topping 57 million units sold. Taking all of this into account, Nintendo was firing on all cylinders in 2023, and the results are a testament to the company’s efforts.

2024 is expected to be another promising year for the gaming giant. With the Switch 2 expected to be unveiled with features like DLSS 3.5 soon, the hardware manufacturer will remain the center of attention for the foreseeable future.

Topping it off, the gaming giant secured two Game of the Year nominations at TGA 2023. While Baldur’s Gate 3 took the award home, Tears of the Kingdom was the second favorite for this title.

Therefore, the company’s focus on fun and innovative experiences through established IPs has worked wonderfully in 2023.

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