Nintendo Outshines Market Competition

Leading financial management company Merrill Lynch upgraded its target price for Nintendo. Currently, the company’s share price is tagged at $233, from around $198. In the meanwhile, things are looking really gloomy for Sony PS3, at least according to the advisory group.

The firm added that the fortune Nintendo has been getting recently, including more than 100% price raise in the last year, can not mainly be attributed to the Nintendo DS. Following the triumph the Wii got at E3, analysts started to warm up to it, making it really poise to be the next big thing in the often excitingly turbulent gaming world.

As of now, it is believed that the Nintendo Wii will only take a 20% or so market share. But the company is really on a roll and things will just get better, especially when next month’s detailed launch comes.

Microsoft and Sony bigwigs better brace themselves and devise strategies to weather and last this coming Nintendo onslaught.

Via Next-gen-biz

Leading financial management company Merrill Lynch upgraded its target price for Nintendo. Currently, the company’s share price is tagged at $233, from around $198. In the meanwhile, things are looking really gloomy for Sony PS3, at least according to the advisory group.

The firm added that the fortune Nintendo has been getting recently, including more than 100% price raise in the last year, can not mainly be attributed to the Nintendo DS. Following the triumph the Wii got at E3, analysts started to warm up to it, making it really poise to be the next big thing in the often excitingly turbulent gaming world.

As of now, it is believed that the Nintendo Wii will only take a 20% or so market share. But the company is really on a roll and things will just get better, especially when next month’s detailed launch comes.

Microsoft and Sony bigwigs better brace themselves and devise strategies to weather and last this coming Nintendo onslaught.

Via Next-gen-biz