tech
Nintendo shares pop 7% after 'Pokémon Pokopia' sales top 5 million
Nintendo has been grappling with rising memory prices which forced the company to raise prices of its Switch 2 console which went on sale just over a year ago.
TL;DR
- Nintendo shares rose 7% after "Pokémon Pokopia" sold over 5 million units on the Switch 2.
- The sales milestone was reached in just over four months.
- "Pokémon Pokopia" is the second-best-selling game on Switch 2, behind "Mario Kart World."
- The Switch 2 console has experienced declining sales, down 34.4% year-on-year in the June quarter.
- Rising memory prices led to increased prices for the Switch 2.
- Nintendo announced expansion packs and updates for "Pokémon Pokopia" to retain players.
- The company plans to release "The Legend of Zelda: Ocarina of Time" remake and two new Pokémon games for Switch 2.
- Nintendo shares are down over 16% this year but have rallied 26% in the last month on hopes of an improved outlook.