We’ve heard about Nintendo’s financial issues for a while now, and of course the quarterly reports have impact on the company’s stock. But according to Bloomberg, our favourite video game company’s stock leaped upward by four percent in Tokyo—its highest gain in two years, literally since July 2011.
Speculation on the reason for the jump includes the release of a number of highly anticipated games, such as Animal Crossing: New Leaf—which also helped to boost sales of the 3DS as well as overseas sales in general. The recent announcements of many high profile game titles for both the Wii U and 3DS may also be part of this upward trend.
There have also been reports of a potential lift of the 13-year console sale ban in China, which could factor enormously into Nintendo’s future.
In addition, there have been some changes made in the Japanese Stock Market that may allow Nintendo to rise to a position where they join Sony on the Nikkei Index (a stock listing similar to the Dow Jones Industrial Average in the United States).
Overall, this is good news for Nintendo—let’s hope the trend continues!
