Advertisements
2 Comments

Nintendo’s Stock Prices Go Up… Because the Yen Has Gone Down

Nintendo StockNintendo’s stock prices have risen to 10,330 Yen per share (around $110, £73, an increase of 7%) this week. Though this may make you think that this means that things are looking up for the company, unfortunately all it’s really down to is that the Yen has recently weakened.

The weakening of the Yen may mean that the Q4 financials for Nintendo may genuinely see an improvement though, as it means healthier financials for companies that deal with exports like Nintendo.

This may just be a temporary help though, with the low sales of the Wii U potentially incredibly damaging for the company and sparking up debate as to whether Nintendo will result in being this decade’s SEGA and focusing on developing games for other consoles.

Source: VG247

Advertisements

About Ryan Brown

Commonly going by the alias 'Toadsanime' online, Ryan Brown acts as Coin Arcade's editor and primary writer. With an avid interest in various aspects of gaming -- including general gaming, indie gaming, retro gaming and merchandise collecting -- he aspires to build a career in the video game journalism industry. He also writes his own descriptions as if talking about somebody else, apparently.

2 comments on “Nintendo’s Stock Prices Go Up… Because the Yen Has Gone Down

  1. and Sony, always left out like the big N. is doing worst. Sony is almost bankrupt

    • Sony’s primary profits is not their game console endeavor, unlike Nintendo.

      Even if PlayStation ended up making a loss (it’s not currently, it’s still making massive profits) it wouldn’t send Sony bankrupt.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: