Nintendo has seen its fair share (no pun intended) of stock drops since the official debut of the Wii U back in 2011, but lately, the tides have begun to turn in their favor for the time being. With the Japanese yen reaching a three-year low against the euro, Nintendo’s stock rose by more than 10 percent. In perspective, the company depends on Europe for a third of its revenue. Because of this, Nintendo’s stock value now stands at 11,850 yen, their largest increase since 2008.
Despite Nintendo’s poor reports during the past two years, this news of a stock increase for the company is a bit of a reassurance, but will it last when its competitors releases their newest consoles in the Fall?
Discuss in the comments below.
