Well, it was bound to happen — Following Nintendo’s announcement of the Nintendo 3DS portable console, their stocks rose 9.7%. Of course, there’s no telling if the Nintendo 3DS will be a success or not but the investors sure do seem so.

I, for one, think the success of the portable console will be based on how well Nintendo is able to pull off the 3D technology. Since they are using a 3D screen that won’t require you to wear glasses some have been skeptical over whether or not the effect will be up to par. Knowing Nintendo, it probably will be.

via joystiq

It looks like GameStop may have finally met its match in terms of the used videogame market.

After Amazon.com’s recent announcement that they will begin testing a trade-in video game program, GameStop’s stocks dropped a full 13% ending the day $3.54 lower than the previous price.

I don’t know about you guys, but if Amazon offers more money for trade-ins than GameStop does, I have no problem receiving Amazon store credit for it.

Read (Joystiq)