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Nintendo adds more than $1 billion in market value ahead of NX reveal

Shares jumped 4.6 percent overnight


Nintendo may be about to have its biggest financial surge in more than a month based on an overnight jump in shares and market value.

Bloomberg is reporting that overnight, Nintendo saw a 4.6 percent increase in shares, “adding more than $1 billion in market value” to the company. This is the biggest surge the company has seen in more than a month, following the phenomenal success of Pokémon Go earlier this summer.

NX hype in chart form
Bloomberg Technology

Nintendo has had one of its better years financially, with stocks up more than 50 percent compared to 2015. Most of that success is a result of Nintendo investing heavily in smartphone games, like Pokémon Go. The company is set to release four more mobile games over the next little while, and two of those titles will be based on popular franchises Animal Crossing and Fire Emblem.

Today, the company will focus on finally revealing its newest console, codenamed “NX.” The home console has been in development for quite some time, but the company hasn’t said much about it. Nintendo did confirm that Legend of Zelda: Breath of the Wild would be available as a launch title when the system is released in March 2017.

The NX will be revealed today at 10 a.m. ET. You can watch the announcement right here.

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