yen

Nintendo stock rises by 11 percent

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 th...

Update – Nintendo posts first annual loss, BUT expects 3DS profit by September

2011 surely wasn’t the best year financially for Nintendo, and early 2012 numbers appear to be sluggish; however, things may be looking up for the company and the 3DS. First, the some-what bad news: Nintendo posted its financial report for the first fiscal year ending March 31, which resulted in a 36 percent drop in revenue for the company. In total, Nintendo lost 37.3 billion yen ($458 mill...