Nintendo Stock Jumps Up 8%
Posted on Friday, March 8 @ 13:12:55 PST by Alex_Osborn
Despite the fact that the Wii U's sales have been incredibly underwhelming, Nintendo's stock pricesjumped up eight percent. This is largely due to the weakening value of the yen, which makes for a great exchange rate for the Japan-based company.
This also means that other companies in the region are benefiting from the slowly strengthening US economy, namely Sony, Capcom, Konami,and Namco Bandai.
Of course, a better exchange rate isn't enough to compensate for Nintendo's lack of software for the Wii U. With such a small library of compelling games, it's going to be very difficult for the Big N to convince consumers to shell out the cash for one of their tablet-centric gaming machines.
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