Nintendo shares jump on Wii U sales results
11th Jan 2013 | 13:15
Nintendo shares have risen on the back of Wii U sales results published last night by retail monitor the NPD Group.
While North American
The news went down well with investors, with Nintendo's stock climbing 5.6 percent to close at 9,070 yen, its biggest gain since September 18, Bloomberg reports.
"The US sales report prompted investors to jump on Nintendo," said Makoto Sengoku, a market analyst at Tokai Tokyo Securities. However, he added that "the gain may be short-lived unless it can sustain sales momentum."
Nintendo also said last night that it sold more than 1.25 million
Company president Satoru Iwata suggested earlier this week that Wii U sales "are not bad, and I feel it's been selling steadily", although he admitted to unbalanced inventory levels after the company failed to anticipate the amount of demand for the premium version of the console.