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Home News Nintendo Stock Jumps Up 8%

GAMING NEWS

Nintendo Stock Jumps Up 8%

Posted on Friday, March 8 @ 13:12:55 Eastern by Alex_Osborn


Despite the fact that the Wii U's sales have been incredibly underwhelming, Nintendo's stock prices jumped 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.

[Via]
Tags:   Wii U, Nintendo, 3DS


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Comments
  • xDUMPWEEDx
    xDUMPWEEDx
    Joined: Jan 2012
    Posted: Mar 8th, 2013 at 1:17 pm
    I don't even know what to post in response to this article so I'll just leave it at this.
    1 5
  • wildmario
    wildmario
    Joined: Jan 2007
    Posted: Mar 8th, 2013 at 1:18 pm
    Nintendo needs to take this opportunity to be aggressive with their games now
    1 1
  • Barth_Vader
    Barth_Vader
    Joined: Nov 2005
    Posted: Mar 8th, 2013 at 1:22 pm
    they still blow
    4 2
  • elmoreoocyte
    elmoreoocyte
    Joined: Apr 2012
    Posted: Mar 8th, 2013 at 1:50 pm
    I'm sad to think that such a great company has blown a 1 year head start to the point that their stock increase is based solely on favorable currency exchange.
    0 2
  • Jedi_On_Acid
    Jedi_On_Acid
    Joined: Nov 2012
    Posted: Mar 8th, 2013 at 1:57 pm
    ????????

    Maybe it's just because I have had a few... but, did I read that right???
    2 0
  • Ivory_Soul
    Ivory_Soul
    Joined: Nov 2005
    Posted: Mar 8th, 2013 at 2:18 pm
    I smell Nintendo going down the same road Sega did...becoming software only.
    0 1
  • wildmario
    wildmario
    Joined: Jan 2007
    Posted: Mar 8th, 2013 at 2:23 pm
    People have said that for years, just like the 2012 doomsday prediction. I am still waiting.
    1 0
  • Chunibrow
    Chunibrow
    Joined: Mar 2010
    Posted: Mar 8th, 2013 at 4:08 pm
    Except the 2012 doomsday prediction was utter fabrication. Nintendo going software only might never happen, but it could.
    0 1
  • Jobin_Wendy
    Jobin_Wendy
    Joined: Mar 2012
    Posted: Mar 8th, 2013 at 2:29 pm
    Maybe that's not a bad thing.

    But maybe they still have an Ace up their sleeves, and they're planning on releasing something huge this holiday. But then again, maybe they're just ****ed. We'll see, I guess.
    0 1
  • cheesegod99
    cheesegod99
    Joined: Jun 2007
    Posted: Mar 8th, 2013 at 10:04 pm
    This basically just proves that investors have no idea when it comes to the video game industry. Either that or they're just making a cheap buck because of the exchange rates.
    0 1

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