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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.

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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.