[Wii U, 3DS] Strong overseas numbers help Nintendo stock hit a two-year high

[Wii U, 3DS] Strong overseas numbers help Nintendo stock hit a two-year high
It looks like releasing Animal Crossing: New Leaf for the 3DS was the right thing for Nintendo to do because the game has contributed to a massive boost in stock for the Japanese developer.

Bloomberg is reporting that Nintendo's stock has rose to its highest level in almost two years. The jump has been attributed to two key factors.

The first of those factors is, of course, Animal Crossing: New Leaf. The first 3DS entry in the franchise managed to set record high sales on the Nintendo eShop. So far the game has managed to sell 500,000 units in the United States and successfully boosted the 3DS hardware sales up to 225,000 throughout June. This resulted in Nintendo's handheld becoming the best-selling system in the country for the second consecutive month, which spells good news for Nintendo.

I can only imagine that Nintendo will continue to build on the success of the 3DS from here in the coming months with titles like Mario & Luigi: Dream Team (already available in Europe), Shin Megami Tensei IV, Phoenix Wright: Dual Destinies, Pokémon X & Y, and Legend of Zelda: A Link Between Worlds as we head towards the holiday season. Hopefully the Wii U will benefit from the upcoming slate of games and allow Nintendo to get their hands on some better numbers than it has been able to produce currently.

The second key factor is attributed to rumours that China is re-assessing their stance on the ban of video game consoles, which would open up a new market for Nintendo to enter. Considering the population of China it would be surprising if Nintendo decided to ignore the potential just begging to be tapped into, but time will tell whether or not the ban is actually lifted.

Either way, Nintendo must be feeling somewhat relieved after months of bad news. They aren't out of the woods yet though.

Thanks Destructoid

Written by: Kyran Morrison

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