Wii U Profits Boost Nintendo Stock

Essel Pratt On January 11, 2013 11.01.2013 with 5 Comments

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Some have wondered if the Wii U, after its short lifespan, can really hang with Sony and Microsoft.  The wonder turned to worry when stock levels were readily available around the holidays, unlike the original Wii console.  Some seemed to have lost faith in Nintendo before even playing the Wii U.

For most of us die hard Nintendo fans, we never lost hope.  In fact, we drooled over the launch list, fangasmed when we finally clutched the Wii U GamePad for the first time, and developed a nervous twitch anticipating before Nintendo Directs hoping for an announcement of games such as Zelda or Metroid.  For most of us, Nintendo is and will always be the top dog.

It seems as though our faith in the iconic company has paid off and investors are jumping on the band wagon.  Nintendo’s stock has rose  by 5.6% to almost 9,070 yen (approximately $102.16 US Dollar).  This is the biggest gain since the November 18th launch.  Since the console’s debut the profits have soared to $300 million!  In comparison, the original Wii sales were around $270 million within the same time frame.

“The U.S. sales report prompted investors to jump on Nintendo. Still, “the gain may be short-lived unless it can sustain sales momentum.”

Makoto Sengoku, a Tokyo-based market analyst at Tokai Tokyo Securities Co.

What does this mean for us?  Well, if the fans and investors are backing up the company, then the developers are sure to follow.  This might be the little extra push needed for those third party developers that might be debating whether to create something for the Wii U.

Essel Pratt

Essel Pratt

Essel Pratt has spent his life exploring his imagination and dreams. As a Husband and a Father, he doesn't have as much time to write as he would like. However, his mind is always plotting out his next story. Someday he hopes to quit the 9-5 grind and focus on writing full time. Currently, Essel has three published short stories and is working on a handful of novels. Essel focuses his writings on mostly Horror/Sci-Fi, however is known to add a dash of other genres into his writings as well. In his spare time, he can be found playing one of the 40+ video game consoles in his collection, especially his Wii U (NNID: EsselPratt). Click the links below to follow Essel's exploits in the writing world, and be sure to follow his blog at http://esselpratt.blogspot.com/ as well as his articles on Nerdzy.com.

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5 Responses to “Wii U Profits Boost Nintendo Stock”

  1. Hitokiri_Ace says:

    I hope they keep going up, the better they do, the more money and funding to go into great games! (In a way.. I hope? haha)

    Also.. wasn’t the launch date Nov 18th? >.> Just sayin’ :)

  2. Essel Pratt says:

    hmm….I have no idea where September came from. Thanks for the catch!

  3. tmuggles says:

    This is good news. Momentum is incredibly important in business. You’re eiher growing or you’re dying. Whatever the Big N can do to build that momentum and marketshare, the better.

  4. The Adza says:

    Well there really needs to be some big games released in the coming early weeks of the year, both at retail and on the eShop because momentum has slowed. The only games I am looking forward to are Pikmin 3 and The Wonderful 101. That might be ok for me, but for the general gaming public, that’s not a healthy game library environment. I’m more forgiving because I know it’s early days of the consoles life, but how many other people are?

  5. EdEN says:

    I’ve had a lot of fun with my launch Deluxe, and I plan to get Pikmin 3, Lego City Undercover and Wonderful 101 this year.

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