If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Nintendo shares spike amid speculation

Update - Special 3DS event confirmed for September 13

UPDATE

This afternoon the The Wall Street Journal has confirmed that Nintendo will hold a trade show focusing on the 3DS on September 13.

The event will only be open to media, investors and analysts, rather than the consumers who will attend the Tokyo Game Show.

ORIGINAL STORY

Nintendo has seen a sharp rise in share price after suggestions of a pre-TGS announcement on September 13.

A recent report by Bloomberg has revealed that the Japanese company's shares are at their highest price in three weeks.

The share price rose by 8.4 per cent to ¥13,100, the highest price since July 28.

"Yesterday's invitations from Nintendo for an event on September 13 seems like the main reason for today's jump," Yusuke Tsunoda, an analyst at Tokai Tokyo Securities Co, told Bloomberg.

There have also been rumours of a redesign for the 3DS console, but Nintendo is yet to comment on any of the above speculation.

In July Nintendo announced it was slashing the price of the 3DS handheld from ¥25,000 to ¥15,000 or from $249.99 to $169.99 in the US.

Tagged With

About the Author

Rachel Weber avatar

Rachel Weber

Senior Editor

Rachel Weber has been with GamesIndustry since 2011 and specialises in news-writing and investigative journalism. She has more than five years of consumer experience, having previously worked for Future Publishing in the UK.

Comments

More News

Latest Articles