- GameStop (GME +1.1%) announces that it received a limited supply of Nintendo Switch systems available immediately for customers. The units are only available at the company's stores.
- “It's perfect timing to have additional Nintendo Switch units arrive just days before the launch of Mario Kart 8 Deluxe, one of the biggest and most loved games from Nintendo,” notes GameStop merchandising exec Eric Bright.
- The flash sale isn't expect to last through the weekend.
- Sales of the Nintendo (OTCPK:NTDOY) have dazzled so far, leading in part to Morgan Stanley (NYSE:MS) resuming coverage on the stock with an Overweight rating.
- "The Switch is proving to be very competitive, and we anticipate strong sales for core game titles, boosting our conviction in OP growth through F3/20," writes analyst Masahiro Ono.
- "Near term, we think the stock will rise as sales trends for likely hit titles are factored in," he adds.
- The impact of red-hot Nintendo Switch sales on GameStop's results will be a little clearer in about a month when the retailer reports earnings and updates guidance.
- Previously: For a switch, videogame sales jump, thanks to Nintendo (April 20)
- Source: Press Release
- Now read: Has Mario Lost His Marbles? Here's How The Switch Killed The NES Classic
Original article