Nintendo stock reaches two year high
At the close of trading today Nintendo stock rose to the highest it has been since July of 2011, closing up 4% at 14,050 yen.
The last few months Nintendo has reported strong worldwide 3DS sales and rising Japanese Wii U sales with the release of Pikmin 3.
Another reason is the possible lifting of the sales ban on foreign consoles in China. This change will allow foreign game systems to be sold in China for the first time since 2000. This could open up the market to 100’s of millions of potential system buyers for all major video game companies.
