Nintendo stock is coming back after a recent drop due to the delay of the Miitomo app and Nintendo Account System.
Nintendo’s first mobile app was originally set to launch this year, but was unfortunately delayed until March 2016. Investors were not pleased with the delay and the reaction caused a 9% drop in Nintendo’s share value. This trend continued until October 30 when the stock dropped further with an overall decline of 15%. This caused a 4 billion dollar decline in the company’s total value.
Stocks are starting to level out since November 2 with only a minor dip in the stock. This shows the beginning of stability in Nintendo stock.
Miitomo is Nintendo’s first mobile app which focuses on creating Miis and communicating with friends. Through the app you can learn about friends interests and personal facts.
What do you think? Do you think that Nintendo’s mobile apps will help their stocks? Would purchase Miitomo? Leave your comments in the section below.
November 11, 2015
I don’t know, the game doesn’t seem that interesting yet but we don’t know much about it either. we’ll see!