Nintendo Hits $100 Billion Milestone: Switch 2 Launch Looms, Market Cap Doubles Since 2016
Initially known for producing playing cards, Nintendo later expanded to specialized market sectors. In the 70s, they started making electronic toys and early video games like the Color TV-Game. However, it was their Famicom console (released in Japan in ’83 and globally as the Nintendo Entertainment System in ’85) that truly established them. Ever since then, Nintendo has been a pivotal player in the gaming world. The next installment in their console series, Switch 2, is set to debut on June 5, priced at $449 for the basic model and $499 for the Mario Kart World package.