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New Nintendo game releases could be a big boost to consoles sales, according to Jefferies analyst Atul Goyal.
He found that when PlayStation releases major new games, its console sales get a boost. He says the same should happen for Nintendo.
Goyal - Nintendo - Bull - Wall - Street
Goyal is the biggest Nintendo bull on Wall Street.
Watch Nintendo trade in real time here.
Nintendo - Market - Games - Surge - Sales
Nintendo is about to splash the video-game market with some major new games — and that could mean a surge in sales of its Switch gaming console is coming.
Jefferies analyst Atul Goyal found that whenever Nintendo rival PlayStation releases major new games, its console sales spike. If Goyal's assumption that PS4 sales trends are somewhat predictive of Nintendo's is correct, its Nintendo shareholders who are set to reap the rewards.
PS4 - Sales - Trends - Year - Years
"We look at PS4 sales trends after the first 1 year, and find that within the first 2 years, PS4 sales displayed weak trends in months 15, 22, 23 as it did not have major game launches in those months," Goyal wrote in a note out to clients. "Major game launches are what draw users to buy consoles."
Those findings are shaping up to be a boon for Nintendo shareholders, as the video-game maker has a handful of major launches coming in the months ahead:
Goyal also believes a...
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