Nintendo Stock Price Jumps After Switch Game Announcement From Tencent

Nintendo Stock Price Jumps After Switch Game Announcement From Tencent

7 years ago
Anonymous $wKBR2uNMvM

https://www.gamespot.com/articles/nintendo-stock-price-jumps-after-switch-game-annou/1100-6453462/

Nintendo's stock price jumped by more than 7 percent this week, apparently in response to the news that a game from Chinese internet giant Tencent in coming to Nintendo Switch. The company's multiplayer online game Arena of Valor was announced for Nintendo Switch during a Nintendo Direct and it's due out later this year.

Sources told The Wall Street Journal that investors are enthusiastic about the news because it "could be a precursor to arrangements allowing Nintendo to sell the Switch and its mobile games in China." China, of course, is a massive market for gaming, and if Nintendo can have success in the region, that could end up being a big bottom line-booster.

Nintendo Stock Price Jumps After Switch Game Announcement From Tencent

Sep 20, 2017, 10:36am UTC
https://www.gamespot.com/articles/nintendo-stock-price-jumps-after-switch-game-annou/1100-6453462/ >Nintendo's stock price jumped by more than 7 percent this week, apparently in response to the news that a game from Chinese internet giant Tencent in coming to Nintendo Switch. The company's multiplayer online game Arena of Valor was announced for Nintendo Switch during a Nintendo Direct and it's due out later this year. >Sources told The Wall Street Journal that investors are enthusiastic about the news because it "could be a precursor to arrangements allowing Nintendo to sell the Switch and its mobile games in China." China, of course, is a massive market for gaming, and if Nintendo can have success in the region, that could end up being a big bottom line-booster.