Nintendo Shares Hit Three-Month High Ahead of Major Releases
Posted by Liam Doolan
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.
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.