Nintendo Stock Prediction: New Mobile Games Could Boost Nintendo’s Stock

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

Nintendo Stock Prediction

Summary:
  • The Niantic Labs-developed Pokemon Go mobile game is largely responsible for Nintendo’s stock rally earlier this year.
  • Pokemon Go’s estimated September net sales from iOS players was $46 million, and $47 million from Android players.
  • Nintendo hopes to replicate Pokemon Go’s commercial success with its in-house developed Super Mario Run mobile game.
  • Like the Pokemon franchise, Super Mario also touts a loyal crowd of fans.
  • Nintendo’s stock has positive long-term algorithmic market trend signals. Buying it now before Super Mario Run is released next month might prove profitable.

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