Nintendo shares reach two-year high after China temporarily lifts console ban

Mario maker's share value climbs more than 6 percent in Tokyo.

Nintendo shares rose to a two-year high Wednesday, after China announced that it would temporarily lift its 14-year ban on selling video game consoles in the country.

As Reuters points out, this move could prove to be lucrative for platform holders like Nintendo, Sony, and Microsoft, though that remains to be seen. The Wii U has performed below Nintendo's own expectations, having sold only 3.91 million units as of September 30.

Sony and Microsoft shares fell marginally, but it should be noted that these companies have numerous business ventures, and are not focused only on video games.

The Chinese State Council now allows Nintendo, Sony, and Microsoft to make consoles within Shanghai's free trade zone and then sell them in China, provided they get government approval. China enacted its console ban in 2000, following concerns about potential harm to the physical and mental development of children.

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Discussion

125 comments
MariJoe007
MariJoe007

Mario, Nathan Drake, and Master Chief are allowed to roam in the TVs of China?  Nice.  China has such weird government laws.  It's probably because their one of the five communist countries in the world.

tightwad34
tightwad34

O.K. so what exactly did this tell us about the Chinese console ban having to do with the shares rising? Nothing as I see it.

egb72
egb72

I thought in China u can only have 1 child. How would this benefit Nintendo?

jack_burton9456
jack_burton9456

Miiverse is awesome, it's the place where Sakurai first possibly hinted Little Mac in Smash Bros. 4.

deadpen
deadpen

Nintendo is like that 70 year old perv that lives down the road, and PS/MS are two dumb bitches that live three houses up. Yea he peaks over the fence while they are tanning and no one pays attention to him until he has already raped them both.


Just wait, PS/MS have just made a 15 year system and Nintendo has made a 7 year system that is already a year old, so when the new car smell has worn off the xbone and pisser4 the new Nintendo will take all the feed back from the nes to the wii u and pull out the murder weapon. All that will be left is Bill Gates screaming "WHAT'S IN THE BOX"

sol_invictus55
sol_invictus55

Strange how China makes the consoles in their factories but bans their sale in China.

Deadlysyns87
Deadlysyns87

And Nintendo is losing money on every 3DS it sells now until the end of time 

enoughofthis
enoughofthis

i think the japanese companies will beat out m$


especially nintendo because it can offer content for all ages

REVOLUTIONfreak
REVOLUTIONfreak

This has to be a bigger win for Nintendo and Sony than Microsoft, no?

PlatinumPaladin
PlatinumPaladin

I'm not a huge Nintendo fan, but I'm glad to hear they've got this small ray of sunshine.

JoInfo
JoInfo

Wait...I thought Nintendo was doomed! They're not supposed to do well! WAAAAAAHHH!!!

gameroutlawzz
gameroutlawzz

''... console ban in 2000, following concerns about potential harm to the physical and mental development of children.''   Thats hilarious since I always thought playing video-games since a young age actually makes you grow as a brilliant person and develops a good manual dexterity also.  Even employers like to have people who play video games as employees because they seem to have an ease at handling situations/learning stuff better.

padako
padako

good for them for them but their stock price is still not great. if you look at the last 5 years, their stock price has been more than double what it is today at times.

returnofsoma42
returnofsoma42

This is good news especially with the shape the world's economy is in.  Maybe I should invest in Nintendo stock.  Also I hope Sony's and Microsoft's stock rebound at some point.   NNID:  SOMADRACUL42. 

rushiosan
rushiosan

They don't allow console sales but are flooding the market with cheap fake electronic accessories. HOW IRONIC.

DigitalDame
DigitalDame moderator moderatorstaff

Good for them! 

desert_thief
desert_thief

First, good news for Nintendo.


Second, for those who are asking when will Nintendo reveal their official sales number, it is scheduled to be at January 29th 2014, which is 3 weeks from now.


Three, damn it, Gamespot. I have changed my avatar. Why hasn't it ben shown yet?

pszone
pszone

Good news for Nintendo but bad news same day since saga not realse  there game for Will U   and Sega might be next one to not realse no more games for Nintendo.

megakick
megakick

Time to release Mario Kart and Super Smash Bros.

Raeldor
Raeldor

Why didn't Sony and Microsoft go up 6% too?  Are they expecting the Wii to be particularly popular in China?

EasyComeEasyGo
EasyComeEasyGo

A new Nintendo console NEEDS to be available for purchase by Holiday 2017. At that point, the PS4/XB1 both won't even be halfway through their life cycles yet, and having a brand new Nintendo console could easily utilize advancements in hardware to match the power of the competition at an affordable price. Just think, a Nintendo console with hardware equal, if not slightly better, than PS4/XB1, getting every multi-plat game that PS4/XB1 has, AND having all exclusive Nintendo games on top of it. If Nintendo followed this gameplan, as well as overhauling their online structure, they would be a dominating force once again. Keep in mind that Wii U was release in late 2012 and if they announced a new console at E3 2016 and release it holiday 2017 and remember that Sony and MS has said that there Consoles are staying for 10 year cycle.

Celsius765
Celsius765

eh well Wiiu can be my number 2 console next gen

Gelugon_baat
Gelugon_baat

@jack_burton9456 

Oh, you are not bashing Eddie Makuch this time? Maybe because he's posting news that puts Nintendo in a positive light?

lindallison
lindallison

@padako 

Just looking at ADR prices on American exchanges, NIntendo shares lost 46% of their value over the past five years, Sony's have lost 42% over the same period, though they kept paying dividends into 2013, while Ninty's ceased in 2011.


Been a rough time for Japanese companies in general, Japanese economic malaise, global recession and strong Yen all take their toll.

MetaMods
MetaMods

@rushiosan cause they want to make their own consoles but probably couldn't find a way to do it

Mayleene
Mayleene

@pszone Pffft....please.  Alien:  Isolation?  You're calling that a game?  Believe it or not most of us are glad it's not coming to WiiU!

am_h8ter_ade
am_h8ter_ade

@Raeldor Also keep in mind that MS dwarfs Nintendo in terms of its size. If MS stock went up 6% in one day people all over the world would be shitting themselves in excitement. MS's stock may have gone up because of the news, but because games makes up such a tiny portion of MS's business it could just be noone noticed.

am_h8ter_ade
am_h8ter_ade

@Raeldor Because like the post said, MS and Sony are not focused on just video games. Video Games make up a very small, almost insignificant part of MS and a not quite as small part of Sony. 

xantufrog
xantufrog

@EasyComeEasyGo Not sure if 2017 is too soon or not... if Nintendo ditches Wii U too soon they may even lose customers... the many millions of customers who will have bought a Wii U by then will not be willing to run right out an buy the next, probably not wii-backwards-compatible machine. This would turn the Wii U into a Sega Saturn story. I think if Nintendo sticks its course and shoots for a 2018 at earliest, the Wii U will continue to slowly but surely sell. Remember, it's picking up in sales, and as long as games like Zelda are on the horizon people will keep trickling to the system.


The Wii U definitely won't be a hit out of the ballpark for Nintendo, but Nintendo wants to sell their 1st party games. The console is just the vehicle for playing their games. Granted, they need people to buy the console for that to happen, but people that want the latest Nintendo game offerings will do it.

sol_invictus55
sol_invictus55

@rasterror @sol_invictus55

Dont see how banning something like a tank is the same as banning a gaming console but ok...

Deadlysyns87
Deadlysyns87

@sanchango @Deadlysyns87 a US judge has ordered nintendo to pay Tomita 1.82% of every 3ds sold from now on. Thats on top of the 15 mil they got from the lawsuit in the first place

ace-meza
ace-meza

@noandno @Random_Matt @Celsius765 actually it's xbox 900