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Submitted by jcnba28 1036d ago | news

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. (3DS, Nintendo, Nintendo DS, Wii, Wii U)

Alternative Sources
PopRocks359  +   1036d 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.
Testfire  +   1036d 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-joe  +   1036d ago
I don't think anyone said Nintendo as a company is "doomed"

yeah you keep thinking that.
PopRocks359  +   1036d 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.
Testfire  +   1036d ago
Let me rephrase, "I don't think anyone sensible said..."
cleft5  +   1036d ago
Dude there where a ton of articles on N4G alone saying Nintendo was doomed.
adorie  +   1036d ago
Japan is printing money like the U.S is. All the rallying is artificial. This worries me past gaming.
dantesparda  +   1036d 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...
#1.3 (Edited 1036d ago ) | Agree(7) | Disagree(5) | Report | Reply
stragomccloud  +   1036d ago
Up is still better than down or no growth. How is their a spin on numbers?
dantesparda  +   1036d 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
#1.3.2 (Edited 1036d ago ) | Agree(3) | Disagree(3) | Report
Qrphe  +   1036d ago
It probably has to do mostly with yen devaluation and Nintendo being a huge exporter.
bicfitness  +   1036d 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
PopRocks359  +   1036d ago
READ my comment. I never claimed I knew why their stocks went up, let alone for their products selling well.
lilbroRx  +   1036d ago
But I thought Nintendo was doomed?
_QQ_  +   1036d ago
Nintendo is doomed....right!?!
Rockefellow  +   1036d 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.
Ducky  +   1036d ago
I always thought that not being a market analyst meant you had more credibility. =/

Well that was a confusing sentence.
Rockefellow  +   1036d ago
Haha, I suppose you're right.
Realplaya  +   1036d ago
Wow who would have thought there was a silver lining.
LastXeno  +   1036d ago
Wow, 11% is a huge amount. Can we get a Nintendo direct soon though?
#6 (Edited 1036d ago ) | Agree(7) | Disagree(5) | Report | Reply
just-joe  +   1036d ago
So Pachter was wrong?
CEOSteveBallmer  +   1036d ago
He always has been. His latest pach attack he said Microsoft had already won the next generation. Funny for him to say that that even himself doesnt know any details about it unless he's a MS employee
zeldafreak404  +   1036d ago
Could it be those free dev kits nintendo. Was giving away?
Jek_Porkins   1036d ago | Trolling | show | Replies(2)
stragomccloud  +   1036d ago
I like how few comments there always seems to be on positive Nintendo news. lol
PopRocks359  +   1036d ago
I pointed that out a couple months ago actually. Only negative ones get any real attention. And you'll always see the same people in the comments as well either trolling or just plain trashing Nintendo or any fans with enough gall to disagree.
lilbroRx  +   1036d ago
I point it out repeatedly.
WeAreLegion  +   1036d ago
From the article:
"Nintendo relies on Europe for a third of its sales and the weak yen is allowing it to prosper, at least for now."
TooTall19  +   1036d ago
SELL SELL SELL
ZeekQuattro  +   1036d ago
I blame Pachter for the jump in Nintendo's Japanese & American stock markets. He does serve a purpose it seems.
CEOSteveBallmer  +   1036d ago
Nintendo as a company is not doomed. Its the Wii-U that people criticizes. It doesnt get on with the times. In terms of graphics its one gen behind. Lightning doesnt strike on the same place twice. They think they can replicate the Wii success. what other people says are true. The casuals moved on to tablets and smartphones so nintendo cant count on them this time. But I congratulate nintendo because 11% is a big increase!!
#14 (Edited 1036d ago ) | Agree(0) | Disagree(2) | Report | Reply

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