Nintendo share price rises following PlayStation 4 reveal

playstation-meeting-2013

All eyes were firmly fixed on Sony’s PlayStation 4 reveal this week, yet Nintendo have received a boost post-announcement.

Nintendo’s share prices rose, up by 2% to $11.79 in the US and by 1.3% in Japan, whereas Sony’s shares begun to slip – falling by 2.7% to $14.08 in the US and by 2.63% in Japan. The reasons why, however, are puzzling.

Whilst Sony spent their presentation discussing the hardware capabilities of their PlayStation 3 successor, so much was left unshown leading to speculation as to what the company may be hiding.

Nintendo’s shares had reached a five-year low after the company revealed the Wii U at E3 2011.

[Thanks Nintendo]

Alex Seedhouse
After starting out with a Yellow Game Boy and a copy of Donkey Kong Land, Alex once hid in his room to play The Legend of Zelda: Ocarina of Time one Christmas. Now he shares his thoughts on Nintendo Insider, keeping track of everything to do with Nintendo.