Nintendo’s Stock Shoots Up Following NX Announcement

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Nintendo has been going on about its new system NX for several months now without providing fans and enthusiasts any concrete info or details regarding the release of its new console. However that is all set to change following an announcement made by Nintendo, which indicates that the company will be releasing a 3 minute trailer on Thursday morning

 

 

The NX is slated to be released in March; however it seems that the NX hype has seen the company’s share increase by as much as 4.6% midday in Tokyo, adding approximately more than $ 1 Billion in in market value. Stock is up by nearly 50% partly due to Nintendo embracing smartphone games, such as the phenomenon that is Pokemon Go.

NX Financials

 

 

 Speculation over the device has obsessed both gamers and financial analysts and in a research report last week Macquarie Securities analyst David Gibson estimated that the device will likely be priced at $250 , and is likely to disappoint those who think that it will have revolutionary features. He also noted that a strong lineup of gaming titles will mean that Nintendo will likely sell around 2.5 million units in its first month and an additional 10.6 million units by March 2018.

After months of speculation the NX has finally arrived, however it remains to be seen whether or not it can actually dethrone the PS4 or Xbox One. Let us know what you think about the surge in Nintendo’s stock prices by commenting in the comments section below.