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Nintendo stock skyrockets following mobile gaming announcement

by Eric Frederiksen | March 18, 2015March 18, 2015 6:00 am PDT

mario_rocket

Since Nintendo’s announcement on Tuesday morning that it will be venturing into the mobile gaming space, longtime fans of the company have been worrying what it means for the company’s consoles and characters. Investors, on the other hand, have been partying.

After the announcement of Nintendo’s deal with DeNA, Nintendo shares spiked upward nearly 30 percent.

nintendo-stocks-dena-announce

Nintendo has been posting losses for the last few years, in addition to struggling Wii U and declining 3DS sales, but it appears investors are bullish on its prospects in the mobile market. This all but guarantees that we can expect to see Nintendo commit serious resources to mobile gaming. The company’s stubborn enough that it doesn’t seem likely their other gaming arms will be abandoned. If nothing else, the profits from mobile gaming could support the continued investment in more traditional platforms.

Regardless, this is a big day for Nintendo, business-wise, and we’re looking forward to seeing where they go from here.


Eric Frederiksen

Eric Frederiksen has been a gamer since someone made the mistake of letting him play their Nintendo many years ago, pushing him to beg for his own,...

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