News: Nintendo Shares Rise
Posted 07 Feb 2005 at 11:22 by Iun Hockley
Nintendo has made gains in the Asian Market.
There's good news for Nintendo's shareholders today as there has been a recent flurry of buying activity in the Asian stock exchanges.
Nintendo saw shares rise 1.5 percent to 11,670 yen, thanks to a recent report on US job numbers. The rise has mainly been attributed to the fact that Nintendo makes a significant portion of its profits from exporting its games and hardware to countries all around the world -particularly the US.
This will go some way to redressing the losses on share prices that the company took after announcing a revised profit forecast for the financial year 2004/2005. Coupled with the upcoming launch of the DS system in Europe, big hitters such as Mario Tennis and Resident Evil 4 could see in some good quarterly results for the company -if they play their cards right.