After a few problematic years, Nintendo performed incredibly well in the Tokyo Stock Exchange during the fiscal year 2016. Nintendo’s trading value rose a monumental amount, reaching 17.6 trillion yen ($157 billion) by March 2017. Nikkei attributes this jump to the success of Pokemon GO and the successful launch of the Nintendo Switch. This is incredibly good news for Nintendo, the chief of investment at Chibagin Asset Management claiming that anyone without Nintendo stock in their portfolio “would lose to the market average”. While Nikkei did predict Sony’s success in fiscal year 2017 owing to their investment in VR, Nintendo seems to be in great shape entering the new fiscal year.
Nintendo’s Trading Value Rose To The Top Of The Tokyo Stock Exchange During 2016
Financial success due to investment in VR? Note to self, never trust Nikkei.
Yeah, I see that as exactly the opposite of reality!
Sony has yet to show the long term viability of their VR. If they don’t feature any new games at E3, I think we’ll know for sure where it’s heading.
Pokemon Go brought a huge spike in price, but it couldn’t hold. Now is when we’ll see steady, long term growth.
Great job Nintendo.
# Nintendoomed
Weird, I thought Nintendo was dead?
Nintendo is DOOMED, not dead. Sheesh. Get your facts straight. :]
$157 billion?! Excellent work from Nintendo!
Nintendo’s market cap is $34 Billion the source of this article is way off.
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Let’s hope they can keep this going. And hopefully if Switch does sell as good as Wii, hopefully the console after it isn’t the Switch’s Wii U successor where it ends up a flop after it’s highly successful predecessor because Nintendo got too egotistical & did some stupid shit again for the 2nd time!