Nintendo Shares Skyrocket After Smartphone News

Investors are responding positively to Nintendo's big news today.

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In the wake of Nintendo's two major announcements today, one of which involved the Japanese game giant signing a deal with DeNA to make mobile games, the company's shares are skyrocketing. At press time, stock value is up by more than 30 percent on the Tokyo Stock Exchange.

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Investors had long called for Nintendo to move into the smartphone and tablet gaming market, so it's not too surprising to learn that share value is rising fast as a result of the news.

Nintendo's stock value has reached a new high for 2015. But as you can see in the graph below, share value is still well below what it was during the 2007/2008 Nintendo Wii days.

Nintendo is not planning to simply port its games to smartphones and tablets, instead electing to create all-new experiences based on its catalog of popular IP for those devices. The first of these games will be released this fall. Further details about the Nintendo-DeNA deal, however, are being kept under wraps for now.

The other piece of news Nintendo announced today was that it had started work on what president Satoru Iwata called a "dedicated game platform with a brand-new concept." Unfortunately, no further details on the system--codenamed NX--are available. Iwata said additional details about this new platform will be announced in 2016.

For more on today's big Nintendo news, check out GameSpot's editor opinion roundup. What do you make of Nintendo's announcements? Let us know in the comments below!

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bfa1509

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So thats why they (apparently) threatened rom sites to take down the nintendo roms.

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Elranzer

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<< LINK REMOVED >> Nintendo threatened ROM sites because Nintendo still sells ROMs on their eShop service.

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ballaShotCaller

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<< LINK REMOVED >> No, they won't be doing any ports or older games, they will have original games for mobile. The ROMs took away their sales on the eShop Virtual Console.

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JayceLongheart

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Mobile games is trash

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Hurvl

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Nintendo seems to be doing better and better, which is good. They're an important part of the (ugh, buzzword) "eco system" of the gaming industry.

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Deadlysyns87

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<< LINK REMOVED >> Yeah except when Shares Skyrocket it shows you that Share Holders want more Phone games which is a downside to gaming. Nintendo can't remain what they were and expect to be profitable.

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deborahacevez

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I love Nintendo

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Aeluron1989

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Not shocking. Phone gaming has this weird grip.


Me no like Phone gaming

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Gadeos

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now this is great news!!!

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OmegaGear

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Of course the shares are skyrocketing. This is what the investors have been demanding since the 3DS launch.

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ROLLER_CHK

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I love u for that Nintendo

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