Nintendo (OTC: NTDOY) has had a strong 2019 so far, up 43% on the year. While the overall console gaming industry is currently in a late-cycle downtrend, that's not the case for Nintendo, whose two-year-old Switch console is still garnering strong sales from consumers. Eventually, however, the Switch cycle will also eventually wane. For future growth, Nintendo is currently cultivating its mobile gaming segment, which could be the company's next big growth driver beyond the Switch.
Nintendo has been a bit late to the mobile gaming party relative to peers. However, this quarter the company released its fifth mobile game, Dr. Mario World, in July, and then followed that up just last week with its sixth, Mario Kart Tour, part of the classic Mario Kart franchise.
From all indications, it looks as if Mario Kart Tour is living up to its high expectations.