Nintendo share price rises following PlayStation 4 reveal
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.