# Nintendo adds another $3 Billion as Robinhood Traders press play | Gaming News (HT Tech) > Nintendo has been one the strongest-performing blue-chip stocks in Japan this year, as the pandemic, together with the release of its smash-hit Animal Crossing: New Horizons game, helped boost the already high popularity of its Switch console. # Nintendo adds another $3 Billion as Robinhood Traders press play ## Nintendo has been one the strongest-performing blue-chip stocks in Japan this year, as the pandemic, together with the release of its smash-hit Animal Crossing: New Horizons game, helped boost the already high popularity of its Switch console. Aug 20 2022, 22:42 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![The curiously bare game pipeline comes even as Sony and Microsoft prepare to spend big on their new generations of PlayStation and Xbox consoles being released this holiday season.](https://images.hindustantimes.com/tech/img/2020/08/24/1600x900/2020-08-06T073216Z_1_LYNXNPEG750EU_RTROPTP_3_NINTENDO-RESULTS_1598264312449_1598264330553.JPG) The curiously bare game pipeline comes even as Sony and Microsoft prepare to spend big on their new generations of PlayStation and Xbox consoles being released this holiday season. (REUTERS) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By BLOOMBERG Nintendo Co added another $3 billion in market value in Tokyo on Monday with retail investors on the Robinhood app cited as helping to further boost the game maker’s popularity. Nintendo has been one the strongest-performing blue-chip stocks in Japan this year, as the pandemic, together with the release of its smash-hit Animal Crossing: New Horizons game, helped boost the already high popularity of its Switch console. Shares are up more than 70% from their March low and have hardly looked back since passing the 50,000 yen barrier in June, with earnings earlier this month blowing past all estimates and Nintendo software continuing to dominate sales rankings in Japan. The stock added another 4.8% on Monday, the biggest gain since March 19, with Daiwa Securities Co’s Eiji Kinouchi citing the impact of the stock’s popularity with US retail investors. Also read click here. “As well as Nintendo, Robinhood users like Sony Corp and SoftBank Group Corp. among Japanese shares, but both of those have connections to China,” Kinouchi said in an interview. “Nintendo is one of the easiest Japanese stock for Robinhood investors to buy into amid concerns over US-China tensions.” In an August 5 report, using data from the now-discontinued Robintrack site, Kinouchi showed Nintendo was the second-most held Japanese stock among Robinhood users, after Sony and ahead of SoftBank. Monday’s gains also followed a report in the Taipei-based Economic Daily News that Nintendo may launch a new version of its Switch console early next year, citing unidentified people in the supply chain. A more powerful version of the console has been rumoured in the past. Investors and gamers alike are still waiting for Nintendo to reveal its slate of games for the rest of the year, with only Pikmin 3 Deluxe, a remake of a seven-year-old Wii U title, set for release in 2020. David Gibson, chief investment adviser at Astris Advisory Japan, said in a tweet last week that he hoped the company would hold one of its “Nintendo Direct” online presentations to announce new titles before a management briefing scheduled for September 16th. The curiously bare game pipeline comes even as Sony and Microsoft prepare to spend big on their new generations of PlayStation and Xbox consoles being released this holiday season. But for Ace Research Institute analyst Hideki Yasuda, who raised his price target for Nintendo by 6.6% to 67,400 yen, the impact of the rival releases on the popularity of the Switch will be limited. “Even with the launch of the PlayStation 5 and the Xbox Series X, sales of Switch will remain strong,” he wrote in a report published Aug. 21. “We believe that sales of game consoles are determined by their design and style, and the advantage of Switch, which can be played by anyone at any time anywhere, will not change.” Yasuda is predicting a minimum of 23 million Switch units sold this year, well above Nintendo’s own forecast of 19 million. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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