Yesterday was a big day for Nintendo. They announced a partnership with mobile giant DeNA as well as plans for a new console that hopefully will get tons of focus testing before they give it a horrible name. All the news seems to be paying off for Nintendo as tons of investors are clambering to get on the action.
Thanks to the announcement, Nintendo Stock shot up by about 30% almost instantly. Trading leveled out, then grabbed another spike sending stock up 35%. Obviously this then led to some quick profit taking with the stock still ending the day up by just shy of 28%.
Those are some incredibly impressive numbers, especially for a company that keeps getting written off by gamers and investors as being backwards and out of touch. It seems that they touched something with this announcement. Gamers may yet be wary of whatever Nintendo is going to offer, but investors see great value. I think we all know that if Pokémon comes to mobile, or to whatever this new console will be, Nintendo will make a fortune. Sure, Nintendo has some cool new IP, but what people are desperate for is the ability to play Mario on their tablets. Actually, now that I think of it, if I could play Super Mario Bros on my iPad, I might never manage any productivity again.
The investors have spoken and they’re showing just how valuable Nintendo still is. Of course, now it’s up to the company to actually show us what they have up their sleeves. I’m prepared for some fun things to play with at E3, although the really new stuff will only be revealed next year.
Last Updated: March 18, 2015
justlikemo
March 18, 2015 at 08:44
We smelt it after the announcement, exciting times ahead.
Ranting Raptor
March 18, 2015 at 08:48
Investors saw the following:
$) Massive User Base
$) Microtransactions
$) Pokemon
$) $$$$$$$$$$$
Hammersteyn
March 18, 2015 at 08:49
It’s time that this got a sequel
http://oyster.ignimgs.com/wordpress/stg.ign.com/2012/07/MarioRPGbox.jpg
Umar
March 18, 2015 at 09:52
HELL F**** YEAH
justlikemo
March 18, 2015 at 08:58
come on now, we know you gonna play pokemon on your phone.
Ranting Raptor
March 18, 2015 at 09:28
duh
justlikemo
March 18, 2015 at 09:49
then why complain, you know these capitilist sissies always score.
Don’t complain, do a kickstarter, start a revolution.
Ranting Raptor
March 18, 2015 at 09:52
Did I complain? No, I was just being honest.
justlikemo
March 18, 2015 at 09:56
😛
Ok, drinks all around, non alcoholic ones, and we’ll send the bill to nintendo.
Pariah
March 18, 2015 at 09:57
non alcoholic? Dafuq is the point?
justlikemo
March 18, 2015 at 09:58
we at work, we still have to walk to the bathroom.using your chair to take a whizz, may raise a few eyebrows.
Ranting Raptor
March 18, 2015 at 13:42
Pfsh. Gimme a whiskey!
Sgt. M
March 18, 2015 at 08:48
That price will drop to its 14.00 level, maybe to 16.00 if they’re lucky.
Pieter Kruger
March 18, 2015 at 08:55
Nintendo’s next console should be on par with PS4 and Xbox One, that’ll ensure they can keep their own exclusives going, but also be able to get a cut of the 3rd party AAA titles!
FoxOneZA
March 18, 2015 at 08:57
It could just be a tablet with HDMI out.
Dutch Matrix
March 18, 2015 at 09:19
Nintendo’s Stock Batmanned!