Nintendo President and CEO Satoru Iwata made some big announcements today, and the company’s stock is soaring. Investors have been requesting that Nintendo enter the mobile market for years now, and Iwata has revealed that Nintendo will be teaming up with DeNA to release games on smart devices. Additionally, he also teased new gaming hardware codenamed “NX” and a new membership program that incorporates Nintendo hardware, smart devices, and PCs to replace Club Nintendo. The result: Nintendo’s stock is currently (at the time this was written) up an incredible 29.09% for the day!

Source: CNN Money

Our Verdict

Ben Lamoreux


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