Nsanity on 25 September 2012
GenGame
With Wii U pre-orders now sold out at basically every major retailer, it’s no surprise that investors are looking to the new Nintendo system that could as the second coming of Wii in terms of breakout success. And the results are showing: Nintendo’s stock climbed 4.46% on the Japanese stock exchange today. Though trading hasn’t closed on Wall Street yet, Nintendo looks to see a similar jump today in the Western exchange market as well.
Nintendo still has a long way to go before they can fully recover to pre-3DS strength – or even to Wii levels of success – but if Wii U momentum remains strong going into and following the holiday season, we could see a near-complete turnaround in a matter of months.
Source: Bloomberg, Google Finance
