Nintendo’s shares go up from optimistic forecast

What happens when you think happy thoughts? If you’re Peter Pan, you fly, but if you’re Nintendo, your stocks go up.

At the 3 p.m. close of the Osaka Securities Exchange, Nintendo’s shares were the highest in a month at Â¥24,640 ($210 US). This may have been a result of the company’s raising of their profit forecast by 20 percent, in addition to other factors. Most notable of these would have been the popularity of the DS handheld and the arrival of the Nintendogs franchise. A weakening yen may have also played a part, as increased sales in other countries translate into more yen when it’s down.

While it doesn’t say anything about the potential success of the Wii, such optimism does also lead to healthier competition when Nintendo’s console and Sony’s PS3 come out later in the year. Let’s just hope Nintendo keeps it that way, eh?

What happens when you think happy thoughts? If you’re Peter Pan, you fly, but if you’re Nintendo, your stocks go up.

At the 3 p.m. close of the Osaka Securities Exchange, Nintendo’s shares were the highest in a month at Â¥24,640 ($210 US). This may have been a result of the company’s raising of their profit forecast by 20 percent, in addition to other factors. Most notable of these would have been the popularity of the DS handheld and the arrival of the Nintendogs franchise. A weakening yen may have also played a part, as increased sales in other countries translate into more yen when it’s down.

While it doesn’t say anything about the potential success of the Wii, such optimism does also lead to healthier competition when Nintendo’s console and Sony’s PS3 come out later in the year. Let’s just hope Nintendo keeps it that way, eh?