Nintendo hits two-year stock high with Animal Crossing success

Global success of Animal Crossing helps boost shares of Nintendo 3DS and Wii U to 14,050 yen.

 

Nintendo's share price has hit a two-year high, Bloomberg reports, with stock at the Japanese publisher jumping 4 per cent today.

Stock for Nintendo closed at ¥14,050 (approximately $141/£92) a share in the Tokyo stock exchange, the highest for the company since July 2011.

Analysts said that Animal Crossing: New Leaf helped contribute to Nintendo's fortunes, with the company further buoyed with speculation that China might soon lift its ban on handheld consoles.

Animal Crossing: New Leaf finished second in June's NPD charts, behind Sony's PlayStation 3 exclusive The Last of Us. The game was Nintendo's third-biggest 3DS launch in the US, behind Mario Kart 7 and Super Mario 3D Land.

For more on Animal Crossing: New Leaf, check out GameSpot's review.

Read and Post Comments | Get the full article at GameSpot


"Nintendo hits two-year stock high with Animal Crossing success" was posted by Martin Gaston on Tue, 23 Jul 2013 05:38:43 -0700
Filed under: Video Games

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