Nintendo is Going Under (Doomed)... Market Cap at 24 Billion; Highest in 4 Years

[DanneSandin]

Mummelmann said:
The market cap exploded after their announcements of going mobile and signs of actually trying to change things for the future. Should they fail to deliver on these changes and create a viable business venture for the long term; this market cap can easily tumble again, with the added bonus of massive wads of actual cash reserves being spent on investment, re-structuring, R&D and large scale software output to get the gears going.

In short; everything could be a whole lot worse within a couple of years' time.

That said; I think they'll do fine, I'm glad to see them starting to think outside the box and take action in the face of declines and the changing market but I wish they hadn't spent the last few years floundering about.
Doomed, they are not, but they're not out of the woods yet either, a surge in stock on the back of promising news following a long period of declines and poor performance is quite common but doesn't always constitute a miraculous resurrection or comeback by default.

This! Lets see how things play out with their mobile strategy, and later on, the NX. But I gotta say, its easy being optimistic over Nintendos future, at least their business future. All I hope is that they dont neglect the consoles...