Nintendo Shares Hit Three-Month High Ahead of Major Releases

Positive signs

Nintendo looks to be making a recovery on the stock market, with shares reaching a three-month high on 22nd November after gaining 4.2 percent on the Toyko Stock Exchange.

The milestone lines up with the release of Super Mario 3D World on the Wii U, as well as The Legend of Zelda: A Link Between Worlds and Mario Party: Island Tour on the 3DS.

A Toyko-based trader noted, “Nintendo [had] got some good reviews for Mario games” in reference to the shares’ rise.

As of 30th September the Wii U had sold 3.91 million units worldwide since launching in November 2012. Nintendo naturally intends for the 2013 holiday season, and release of Mario Kart 8 and Super Smash Bros. in 2014, to be profitable periods for its latest home console and portable device.

Rival platform PlayStation 4 by Sony underperformed on the broader market by 0.1 percent, with traders saying investors were concerned it may sell fewer systems than Microsoft's Xbox One.

[via reuters.com]

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