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Nintendo Stock Value Climbs to Highest Point This Year
It’s no news that Nintendo’s stock value has seen to better days. The company’s new Wii U console has failed to make a major dent in the market ever since its release back in 2012. That alone has caused an upset in the company’s financials. However, the current year has brought new tidings for Nintendo.
A couple of good releases, better promises and new updates from Nintendo has helped its stock value climb to the highest point since February. According to a report by Bloomberg, the company’s stock has been regularly fluctuating throughout the year but the general trend has been upwards.
The past couple of days have finally given the folks at Nintendo something to smile about. Their current numbers are way ahead of the Q1 financial results being published at the end of the month. On Jul 22, Nintendo’s stock jumped by 3.4 percent to 12,925, the highest since February 26. Currently it has seen to a further increase of 0.89 percent, taking the figure past the 13,000 mark.
A major boost given to these numbers this year is probably from the release of Mario Kart 8. It was released worldwide in May and managed to sell 1.2 million copies in the first four days, making it the fastest selling Wii U game to date. Last month Nintendo reported that it was able to sell 2 million copies in the game’s first month, a terrific milestone for the company.
With oncoming releases of titles like The Legend of Zelda, Nintendo can work on keeping this upwards trend alive.