Nintendo Shares Surge Following Report of New Console Models

Shares of video game maker Nintendo surged on Tuesday following a report that the company would be releasing new versions of its blockbuster Switch console as soon as this year.

(cnbc)

Nintendo’s stock started to skyrocket in the morning to as high as 5 percent, before retracing some of those gains in the afternoon. The stock closed 4.76 percent higher.

The news came after the Wall Street Journal reported on Monday that Nintendo is set to release two new versions of its bestselling console, launched in 2017, “as early as this summer.”... Read more here