When Nintendo announced the partnership with DeNA and the sampling of the mobile gaming market with Smartphones, investors started to take note of what Nintendo is doing. Since that announcement, Nintendo’s stock has been on a pretty steady incline, but leveled off towards the end of March. Since the start of April however, the surge has continued, and Nintendo is seeing it’s best market positioning in 4 years.
Nintendo’s market cap (total dollar market value of the shares outstanding of a publicly traded company) is currently at 24 billion US Dollars (2.95 trillion Yen), which is almost double what it was in January. Obviously Nintendo is seeing some resurgence in the market aspect of the business, which hopefully and should translate well to Nintendo platform owners.
Written by Shawn Long
http://nintendoenthu...est-in-4-years/
