Nintendo Surges by Limit on Plan to Develop New Smartphone Games
Attendees play the new Pokemon X and Pokemon Y video games on the Nintendo Co. 3DS at a launch event in New York.
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Nintendo Co. surged by the daily limit at the close of Tokyo trading after announcing the end of its holdout from smartphone games, with plans to develop new titles for mobile devices made by other companies.
The stock, which wasn’t traded all day, jumped 21 percent to 17,080 yen in a closing auction in Tokyo on Wednesday. The Kyoto-based company will team up with DeNA Co., operator of the Mobage network, to create games and operate new membership services that include applications based on Nintendo’s character lineup of plumbers, gorillas and princesses.