Nintendo In Good News Shocker!
Nintendo share prices are up 4% to their highest point in almost two years. The share prices jumped up to 14,050 yen, which has is the highest close since July 2011.
"Games including “Animal Crossing: New Leaf,” released in the U.S. last month, helped Nintendo’s 3DS handheld player maintain its position as the best-selling game platform in the country, reported Bloomberg, echoing the market researchers at NPD.
The merging of the Osaka Securities Exchange into the Tokyo Stock Exchange means that Nintendo is now eligible for inclusion in the Nikkei index, and rumours that China might be open to lifting their ban on games consoles has also potnetially led to increased speculation, and a boost in share prices.
“The stock is up from mixing all these factors,” said Takashi Oba, a senior strategist at Okasan Securities Co.. “The stock is in a upward trend. There may be some investors who are forced to buy back the shares.”
The 3DS has remained a constant in our domestic charts, too, over the past six months thanks to a strong slew of titles such as Luigi's Mansion: New Moon, Fire Emblem: Awakening, the aforementioned Animal Crossing: New Leaf, Project X Zone, and Mario & Luigi: Dream Team Bros.
Once again, it seems, Nintendo's handheld division compensating heavily for deficiencies in the home console market, but it is to be hope that Pikmin 3 and The Wonderful 101 might serve to promote a little confidence in the Wii U over the next month or two and help Nintendo's stock remain high.