For the second year in a row Nintendo’s managed to make a grand reveal that bumped its market value. Last year it was the Switch, but this year it’s the surprise showing of Nintendo Labo that managed to make it rain. The cardboard collection has raised the company’s value by 2.4%, translating to plenty of paper: a $1.4 billion improvement.
Nintendo’s been doing quite well in the wake of the holidays, with a Direct Mini and now Labo’s big unveiling (unfolding?). With the fiscal year coming to an end soon, Nintendo is already set to have one of its best showings in quite a while. Time will tell how Labo’s April 20th release drives these numbers further when we’re all playing our foldout cardboard keyboards.
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Written by Ricky Berg
When he isn’t writing for Nintendo Wire, Ricky’s anticipating the next Kirby, Fire Emblem, or if the stars ever align, Mother 3 to be released. Till then he’ll have the warm comfort of Super Smash Bros. to keep him going.
