Labo pushes Nintendo's market value up 2.4%

When Nintendo Labo was announced last week there was a lot of conversation to be had, since it's a pretty new idea with a lot of unknowns and therefore interest surrounding it, and now according to a report by Financial Times this has translated to an increase in market value.

Once the announcement was made the value of Nintendo increased 2.4%, which according to the same report equates to around $1.4 billion USD, meaning that Nintendo has continued its positive financial record after getting positive results for seven weeks now.

Analyst David Gibson said: "This is exactly the kind of crazy idea that Nintendo are known for which we believe will help expand the company's audience," adding that he predicts between one and two million sets will be shifted, meaning operating income of between $45 and $90 million.

Do you have high hopes for Labo?

Thanks, Gametransfers.