Nintendo share price gets billion dollar boost from Labo toy launch

Nintendo's combining brand-new tech and old toys (Source: Nintendo)

Lynsey Barber< div residential or commercial property="rnews: articlebody schema: articleBody" itemprop = articleBody > Wacky low-key toys made out of hardboard and rubber bands have provided Nintendo a boost worth more than $1bn.

The Japanese video gaming business has actually revealed Labo, a series of cardboard design templates that can be developed into a typewriter, a sword, or maybe a piano, with origami-like construction, that fits with its Change video gaming console.

The distinctly non-technical devices which are due for release in April included $1.4 bn to the business's market cap, according to the FT, as its share price emerged more than 2 percent.

The Switch became the fastest selling games console in US history at the start of the year, beating its previous successful Wii.