Nintendo Gains More than $1 Billion in Market Value
Nintendo’s long awaited successor to the ill fated Wii U will be revealed at 3 O’clock GMT on the 20th October, and the news of this has skyrocketed Nintendo’s value.
The video will be 3 minutes long (expect an analysis here soon) introducing the product. Investors seem to be assuming the product will turn around Nintendo’s fortune, as the higher share price indicates that they are assuming the company will become more profitable and more valuable to own a share of in the future.
So far not much has been confirmed for the NX, but rumours and speculation have run rampant, from whether or not it will be a console/handheld hybrid, that it may use SD cards, and whether or not it will be backwards compatible with the Wii U and Wii family.
This has overall been a good year for Nintendo, as their ventures into smartphone gaming have been a resounding success.
The only worry is perhaps the timing, the console is due to be released in March. I hope this is a case of Nintendo preparing everything meticulously and having a great launch line-up, rather than rushing the system to market with no games, one of the Wii U’s shortcomings for its first couple of years on release. As long as Nintendo continues to provide solid and entertaining gaming experiences, whatever the shape of the console it should work well.