Nintendo Shares Jump Amid Mobile Collaboration News

Shareholders have been pestering Nintendo for years to put their IP on mobile platforms, following in the wake of other Japanese publishers who have made similar dividends. Finally, they’ve gotten their wish, as Nintendo rocked the world with the news of their collaboration with mobile company DeNA to develop software for this market. Following the news, Nintendo’s stock price jumped over 20% on both the NTDOF and NTDOS markets. This is the highest level for Nintendo stocks in over 12 months.

An increase of over 20% value will prompt a further spike in this graph

It bears mentioning that Nintendo and DeNA made the announcement after the Japanese stock market closed yesterday, a typical strategy that companies use for shock announcements. Fortunately, the market has responded positively to the news, even if Nintendo isn’t bringing older existing games to the mobile platform.

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A man with a plan. My favorite video game franchise is Pokemon, but his favorite video game is Resident Evil 4. I can also tell you trivial cartoon factoids.