You are here

Nintendo's US$6b rally risks overvaluing phone push

Shares soar 36% after plans for new games for phones, tablet computers


NINTENDO Co's US$6 billion rally risks overvaluing its long-awaited first steps into the market for smartphone games. The shares soared 36 per cent in the two days after president Satoru Iwata reversed his stance and announced plans to develop new titles for phones and tablet