140°

Nintendo Stock Rises By 11%

The largest increase since 2008

The Japanese yen has reached a three-year low against the euro meaning many successful exporters are enjoying a rise in stock.

Nintendo has seen an 11% rise in stock value, which now stands at 11,850 yen, the largest gain since 2008.

The yen has weakened against all 16 major counterparts this year as speculation surrounding the Bank of Japan’s prospective quantitative easing initiatives continue.

The Topix advanced 1.7% today to close at 1,121.04 in Tokyo, with around two stocks rising for each that fell.

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nintendolife.com
PopRocks3594026d ago

Ohmaigawd they're still doomed right gaiz?!

Heck if I know what caused the stock increase (might be their focus in the western markets, but that's just a guess on my part) what with the weakened yen, but I imagine at least a few people at Nintendo are smiling their butts off right now.

Testfire4026d ago

I don't think anyone said Nintendo as a company is "doomed", rather that the Wiiu's future is bleak. No casuals this time around like the Wii had (they've moved on to tablets or not gaming at all), barely any new games out (mostly ported games from last year), low sales on said games, and devs dropping support left and right. The 3DS on the other hand is booming and keeping Nintendo afloat, and I don't see ANYONE arguing this point.

just-joe4026d ago

I don't think anyone said Nintendo as a company is "doomed"

yeah you keep thinking that.

PopRocks3594026d ago

You'd be surprised. I've seen my fair share of people say Nintendo is, in fact, doomed. Or their financial situation is so bad they'll go software only/3rd party or what have you.

A year ago I kept reading stories about Nintendo stock dropping. This is the second one I've read where it's actually risen.

Testfire4026d ago

Let me rephrase, "I don't think anyone sensible said..."

cleft54026d ago

Dude there where a ton of articles on N4G alone saying Nintendo was doomed.

+ Show (1) more replyLast reply 4026d ago
adorie4026d ago

Japan is printing money like the U.S is. All the rallying is artificial. This worries me past gaming.

dantesparda4026d ago (Edited 4026d ago )

Wow the level of bullsh!t that is presented by fanboys and yes i am calling the author of the story a fanboy, is unbelievable. Nintendo is only up 10-11% from yesterday, but is down from a year ago. From 18.35 to todays 14.97. Nice spin on the authors part there though, but Nintendo has been on a downward trend not a upward one.

http://finance.yahoo.com/ec...

And the trend is even worst if you look at its 5yr trend, when it was at 72.50 at its highest

http://finance.yahoo.com/ec...

stragomccloud4026d ago

Up is still better than down or no growth. How is their a spin on numbers?

dantesparda4026d ago (Edited 4026d ago )

Ok, so i may have spoked to soon, by calling the author a fanboy and calling it spin on his part, i hadnt read the article yet. But i still think its spin on the contributors part, cuz he's trying to paint this picture like this proves that Nintendo is doing well. When its not, its stock is down over 80% since 5 yrs ago. And the only reason its up 10.15% today is because of a weak yen to euro exchange rate, not because of anything Nintendo is doing

Qrphe4026d ago

It probably has to do mostly with yen devaluation and Nintendo being a huge exporter.

bicfitness4026d ago

READ the article. They're stocks are up because the Japanese dollar (Yen) is so low. It has nothing to do with their products selling, only that those products are worth more on foreign markets. They still missed all of their - revised - shipment targets. I guarantee. And we should have those results soon

PopRocks3594026d ago

READ my comment. I never claimed I knew why their stocks went up, let alone for their products selling well.

+ Show (2) more repliesLast reply 4026d ago
lilbroRx4026d ago

But I thought Nintendo was doomed?

_QQ_4026d ago

Nintendo is doomed....right!?!

Rockefellow4026d ago

Cue an entire damned article full of "Nintendo is doomed" comments, both sarcastic and serious. You're not funny, and you're not market analysts, respectively.

Ducky4026d ago

I always thought that not being a market analyst meant you had more credibility. =/

Well that was a confusing sentence.

Rockefellow4026d ago

Haha, I suppose you're right.

Realplaya4026d ago

Wow who would have thought there was a silver lining.

Show all comments (33)
80°

Nintendo's Massacre Of The 3DS And Wii U Is Finally Complete, Regrettably

Hanzala from eXputer: "The cruel hammer of Nintendo has fallen. Farewell, 3DS and Wii U, you surely brightened my life and many others; you won't be forgotten."

280°

Xbox's Preservation Step Sets A Much-Needed Example, Especially For Nintendo

Hanzla from eXputer inquires: "If Xbox can care about preserving its games and legacy, what exactly is wrong with Nintendo, trying to kill game preservation single-handedly?"

purple1015d ago

Ahh yes the good old game preservation of saving all your games to a removable hhd on the Xbox 360, taking it round your mates house, setting up multiple tvs to
Be met with “save data corrupted, please re download”

Or how about removing 360 games
From the store
, download them now or else, and, better hope to god that save data doesn’t corrupt, or it’s lost for ever

Nice one ☝️

Zeref5d ago

It's better than what Nintendo and Playstation is doing. It might not be perfect but at least they are TRYING. Unlike the others.

DarXyde5d ago

Trying? Take off the blinders for a moment, mate.

1. A failure to preserve games is just that: a failure to preserve games. Don't try to sugarcoat it: NO ONE is doing it properly. Better than awful is nothing to write home about.

2. At the time of this comment, isn't it the case that you need an internet connection to play Xbox games even if you buy physical discs that are hardly in circulation anymore? I don't have a Series X and I can't verify, but I think that is correct. I'm fairly certain you can at least play PS5 games at version 1.0 (not much of a win really when many games require day one patches). I think Microsoft's all digital, licensing approach is by far more aggressive than anyone else's. They really try to push you to game pass where you lose your entire library by umm.... Skipping a month of payments.

I don't think anyone is doing it right whatsoever. Don't get me started on Nintendo, who goes after anyone looking to preserve their games better than they ever would with extreme litigation.

Don't be a simp for any of these companies. Get it together.

PhillyDonJawn5d ago (Edited 5d ago )

@DarX never speak on Xbox again. You lost all credibility with your internet connection comment. Smh you have 0 clue and misinformed yet speaking on something you don't no squat about.

Einhander19725d ago

What has Sony done exactly? You guys keep deflecting to Sony but I am not actually seeing any results, and ai am certain nothing that you can come up with even comes close to what Microsoft has done and what they have tried and failed to do, like tie all your disks to your account on xbone.

Microsoft removed their whole indie section when they moved to the xbone because they were going to only allow games on the service that came from a publisher, id@xbox started after xbone launched and it only exists because Sony embraced indie and Microsoft was forced to cancel their plans and reverse course.

And every single game that was part of games for windows live including disk games (I have gta 4 on disk that won't work) so hundreds of games that use that DRM no longer work unless the company themselves patched it out which of course very few did.

MrBaskerville5d ago

Not trying. Tried. they killed of the backcomp program years ago. They set something up again, but sounds like it's more of an attempt to save the current library on whatever they are planning next. With luck they save everything and more, but let's see. I could see them killing off parts of the OG xbox and 360 libraries. Can't imagine that they would allow us to play Forza 5-7 in the future.

With that said, I do like what they've done and really wish they could have done more.

shinoff21834d ago

Zeref

So killing off physical media is trying what exactly. Ms don't really give a fk if you think they do your kidding yourself.

Profchaos4d ago

They are not trying this team is established for forward compatability the team is. It interested in preserving Xbox or 360 games.

+ Show (3) more repliesLast reply 4d ago
isarai5d ago

Is that why Hellblade 2 is digital only?

Zeref5d ago

Just because it's digital only doesn't mean you can't preserve it. Just put it on an external and you have the exact same functionality of what a disc does.

MrNinosan5d ago

Guess you're trolling, but if you actually think that's how it works, I'd recommend buying some braincells.

mkis0074d ago (Edited 4d ago )

Volitile vs nonvolitile data. A disc will not corrupt either. A drive can be corrupted.

Einhander19725d ago

This is just a scammy PR move to distract from the fact they are going digital only and trying to push streaming and subscriptions only.

No gaming company has pushed harder to remove ownership than Microsoft.

Without discs there is no preservation, preservation can't be done by the rights holders it can only be done by the consumers, anything else is a lie.

5d ago Replies(3)
Einhander19725d ago

Anyone remember xblig which Microsoft removed their whole 360 indie section removing hundreds of games from people?

5d ago
5d ago
Zeref5d ago

Do you know you can put your games on an external and preserve them that way? There are no benefits to discs. ZERO. Idk why some of you are still obsessed with them.

DarXyde5d ago

Because games like Persona 5 exist. It's STILL V1.00. On Playstation, that's a win because 1.00 is installed on the disc—no need to download anything.

If a game does not require any updates, it's all on the disc.

Extremely low bar in the modern era, of course. It's not much of a win by any stretch.

But for now, physical media does have a purpose, at least on Playstation.

Einhander19725d ago

That is factually not how game licensing works, try plugging your hard drive into someone else xbox, It's not going to work, and it won't work if the licensing servers ever go down.

Einhander19725d ago

Anyone remember games for windows live.

I have around a dozen games, some on Steam itself that will not work because Microsoft shut off the licensing servers.

BehindTheRows5d ago (Edited 5d ago )

I do. I STILL have games (Gears of War being the big one) I cannot access because Games for Windows LIVE is total garbage and no one has held Microsoft accountable.

Zeref5d ago (Edited 5d ago )

You don't have an Xbox apparently. Because you can 100 percent plug in your external and play games from it on any Xbox console lol. You just have to be logged in to prove ownership.

Chevalier5d ago

"You don't have an Xbox apparently. Because you can 100 percent plug in your external and play games from it on any Xbox console lol. You just have to be logged in to prove ownership."

Damn how many times do people got to explain your idiocy to you? You can take a copy of Persona 5 like someone used as an example and play that game on ANY console WITHOUT logging in which means I can lend the game to a friend without internet and they can play my game. Can you lend your hard drive to anyone without logging in for them to play? NOPE. That is a huge difference and if you think otherwise then sorry you're an idiot.

Tacoboto5d ago

"No gaming company has pushed harder to remove ownership than Microsoft."

Ubisoft is literally erasing games people bought from their libraries... My PS1-3 discs are useless on modern hardware. Nintendo's re-published and resold almost their entire Wii U library, and the eShop is completely dead with no BC mechanism in the Switch software. Microsoft publishes everything they make today day one on Steam and Xbox/Windows. Sony only brings to PC the titles they think you might want some years later and Nintendo won't even design a functional long-lasting joystick.

You're absolutely trolling and not serious if you think Microsoft today is the worst offender.

shinoff21834d ago

Yay steam

Not everyone fks with computers though. The disc is still the best way as a console player. Period.

Tacoboto4d ago

How do Sony and Nintendo feel about these discs from 2001-2013?

Don't be stupid, you know Xbox is the best at this today.

+ Show (3) more repliesLast reply 4d ago
Hofstaderman5d ago

Nobody wants this. Sales or the lack of it in the case of XBOX is very telling. I wonder how the adorably all digital series X will fare. Adorably dismal perhaps?

crazyCoconuts5d ago

Only time will tell, but for from someone like me suspecting that Xbox is trying to gracefully exit the console market, that "forward compatibility" team is trying to get Xbox games playing on Windows PCs. I mean, it's nice that they're not planning on exiting with a "enjoy your games while the hardware still works" message, so that's nice. They still have a brand to protect via Microsoft so probably feel obligated to have a better exit strategy.

Xeofate4d ago (Edited 4d ago )

That is not their plan, their plan is to transfer users accounts to the cloud.

Phil Spencer himself said as much a few months back, plans could have changed but I think people are reading way too much into one statement where Phil said he would allow Epic on xbox because he wants to be able to sell xbox games directly on other platforms. Aka, instead of selling Sea of Thives through PSN he wants to have an xbox store to sell his games on PlayStation without giving PlayStation any money.

Again, it's extremely unlikely that Phil plans to put PC on xbox and licensing would prevent them from just giving out other publishers games purchased on xbox copies of thier games on PC, Microsoft does not own their games.

crazyCoconuts4d ago

The thing that doesn't align with the cloud strategy is the giving up on exclusives. You'd still need strong exclusives for cloud streaming - it's still a "platform" , just with a lower upfront hardware investment. I feel like they've learned what PS learned with PSNow long ago. We're not ready to stream games and it's only gonna lose them money to try at this point

FinalFantasyFanatic4d ago

I would love that, I'd buy up some of the Xbox games if they could run on PC, like the Rare Replay, Lost Odyssey and Dead or Alive Ultimate, probably a pipe dream though.

Show all comments (43)
90°

Nintendo's War Against Player-Made Content Will Hurt The Company In The End

Danish from eXputer: "Nintendo has historically gone against player-made content and emulation of its games. This has done much to harm the company's image."

XiNatsuDragnel12d ago

I agree nintendo hire some these folks to help in your games it'll help imo.

banger8811d ago

They need to stop announcing these mods and fan remakes until they're finished. Finish it, upload it, and then if Nintendo dmca's it tough shit. Once it's online, people can share it around, even if the original download gets taken down.

Jingsing11d ago

True, but most modders need constant admiration during the process to motivate them.

PRIMORDUS10d ago

Yup, once it's a torrent nothing can be done Nintendo is helpless at that point. But it would be wise if they just had a site on the dark web, it's also easy to use with Tor and no one will bother you.

mastershredder10d ago

This is all coming from the mouth of short-sighted fandom and grifting madness.
No.... it wont. There is a clear defined reason why they don't. This is nothing new. Make your own shi7 from your own original ideas especially if you are trying to capitalize of it it. Duh.

Yeah, hire people that have zero respect or understanding for an established process. Wow. Yep. Totally makes sense.

shinoff218310d ago

Those guys that made that sonic game got a gig from sega or something along those lines and that game was dope as hell. One of the best sonics as of late.