Nintendo stock rises again after profit loss dip

Friday, 24 January 2014 10:31 GMT By Dave Cook

Nintendo’s stock has risen again, following an 18% dip sparked by the company’s recent profit loss warning.

We reported on Nintendo’s stock dip earlier in the week, coming shortly after Nintendo’s troubling financial report.

CVG reports that Nintendo’s share price has risen from $14.53 following the dip to its current price of $16.36. The 18% drop was the company’s largest since September.

Despite Nintendo’s poor financials and calls for the company to change its ways, president Satoru Iwata has vowed to remain in his position. He has also rubbished the idea of Nintendo games on smartphones as a potential money-spinner.

What do you make of Nintendo’s current position, and what needs to be done to reverse its fortunes? Let us know below.