Nintendo’s Stock Hits Two-Year High

The Big N’s stock sees a big jump in Japan.

By Kevin Knezevic. Posted 07/22/2013 15:00 Comment on this     ShareThis

The past couple of years haven’t been particularly kind to the Big N, what with 3DS and Wii U both getting off to a slow start and many third parties effectively pulling their Nintendo support, but it looks like the company’s fortunes are beginning to turn around.

According to Bloomberg, Nintendo’s stock rose four percent, closing the day at 14,050 yen, the highest its been since July 2011. This jump has been attributed to Pikmin 3’s impressive start and the consistently strong sales of the 3DS, particularly the overseas performance of titles such as Animal Crossing: New Leaf, which sold over 505,000 copies in its debut month and propelled the 3DS to the top of North America’s console charts. It’s also thought that China’s decision to lift its ban on video game consoles may have had an impact on the stock.

Of course, given how frequently the market can fluctuate, it remains to be seen whether or not Nintendo can maintain this momentum going into the holiday season, but it’s certainly good to see the company’s stock trending upward.

Source: Bloomberg

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