By
Godfrey Benjamin
August 3rd, 2023
Aonuma said that the release date of Legend of Zelda will take place during the spring of 2023. Previously, Nintendo expected to release the game in 2022.
Nintendo Co (Tokyo: 7974) shares have closed today trading at ¥63,140, down 5.75%. Having dropped 2,770 points, Nintendo shares are down approximately 1.17 percent in the past five days. In a trailer posted on YouTube, Eiji Aonuma, producer of the legend of the Zelda series, updated the viewers on the game launch dates.
According to the company, the development of the legend of Zelda may take longer than anticipated.
Aonuma said that the release date of Legend of Zelda will take place during the spring of 2023. Previously, Nintendo anticipated launching the product in 2022.
“To make this game’s experience something special, the entire development team is continuing to work diligently so please wait a little longer,” Aonuma noted.
Notably, the video has already attracted over 145k views and 7.5K likes in a day. Thereby indicating the level of market expectations. Worth noting, the company has been in existence for 133 years. It was founded by Fusajiro Yamauchi on September 23, 1889.
Nintendo Shares and the Market Outlook
Nintendo, the Kyoto, Japan headquartered company, focuses on home entertainment products. However, 2022 may not be an entertainment year for most in Europe. Look at what is happening in Ukraine after Russia invaded the country.
Across the oceans, the United States is fighting to fully vaccine its citizens in order to fully reopen the country. Remember, China is also fighting the Omicron rising cases of infections. Whereby the country has been forced to lock down its largest city, Shanghai with 26 million.
The company’s decision to push the launch date may be technical and at the same time caused by geopolitical global uncertainties. Remember, the company has customers from all over the world.
“If there’s a year Nintendo can afford to push Zelda out of, it’s this year,” said Serkan Toto, founder of the Kantan Games consultancy.
“The fiscal year hasn’t even started yet and they have spread out all of these potential blockbuster titles,” he added.
Looking back at the company’s market share performance, it has been a fruitful year. According to market data provided by MarketWatch, Nintendo shares are up approximately 2.15 percent in the past year.
Additionally, the company’s share market has gained approximately 18 percent since the beginning of 2022.
Notably, the company has a market capitalization of approximately ¥7.75 trillion. There are 129.87 million Nintendo shares outstanding.
Having been rated 19 times, a survey by MarketWatch shows the company’s stock market received an average rating of Over.
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