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Nintendo shares surge as China eases gaming console ban

By   /   January 7, 2014  /   Comments Off on Nintendo shares surge as China eases gaming console ban

People ride an escalator past Nintendo Co advertisements at an electronics retail store in TokyoShares in Nintendo Co Ltd jumped as much as 7.5 percent to a two and a half-year high on Wednesday after China temporarily lifted a 14-year-old ban on selling video game consoles. The move could pave the way for Nintendo, Sony Corp and Microsoft Corp to enter the world’s third-largest video game market in terms of revenue. “Nintendo hasn’t had a catalyst for a long time, so if it can revive (via) the Chinese consumer market then it would be positive,” a Tokyo-based trader said. The most popular video games in China are often free to play with gamers only paying for add-ons such as weapons or extra lives.


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People ride an escalator past Nintendo Co advertisements at an electronics retail store in TokyoShares in Nintendo Co Ltd jumped as much as 7.5 percent to a two and a half-year high on Wednesday after China temporarily lifted a 14-year-old ban on selling video game consoles. The move could pave the way for Nintendo, Sony Corp and Microsoft Corp to enter the world's third-largest video game market in terms of revenue. "Nintendo hasn't had a catalyst for a long time, so if it can revive (via) the Chinese consumer market then it would be positive," a Tokyo-based trader said. The most popular video games in China are often free to play with gamers only paying for add-ons such as weapons or extra lives.


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  • Published: 10 years ago on January 7, 2014
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  • Last Modified: January 7, 2014 @ 9:29 pm
  • Filed Under: Ethiopia

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