Nintendo stocks rise by nearly 5% following the announcement of the NX trailer
Posted on 3 years ago by Matt(@OnePunchMaz) in News, Switch | 13 Comments
The rise and fall of Nintendo’s stocks over the last couple of years has been interesting, to say the least. After declining for years following the tepid response to the Wii U, shares have been surging lately once Nintendo entered the mobile gaming market. The company’s various smartphone ventures, including Super Mario Run and Pokemon GO (despite Nintendo’s limited involvement with that one), caused tremendous increases to Nintendo’s stock values.
However, it seems like shareholders are excited by more than just mobile news – following last night’s announcement of the reveal trailer for the NX, Nintendo’s shares have risen by 4.6%, which added more than $1 billion in market value.
Of course, the is just the prelude to the main event. Will the actual NX reveal see shares rise even more, or will they drop back down?
Nintendo stock on the rise
Posted on 5 years ago by Brian(@NE_Brian) in General Nintendo, News | 5 Comments
Nintendo stock has risen by 30 percent since October, according to a report from Japanese publication Nikkei. The outlet also confirms that Nintendo increased nearly 1,000 yen (7 percent) compared to yesterday.
Why the rise in stock? That can be attributed to yen depreciation in foreign markets.
If Nintendo’s stock is to increase further, analysts say Nintendo will need to improve Wii U’s sales.