Wii sends Nintendo shares way past the moon
Nintendo, already sagging with cash from sales of its blockbuster DS, could have another windfall on its hands. According to industry money watchdogs, Nintendo’s shares have reached an all-time high of Â¥ 26,770 (US$ 227).
Like we said earlier, the company is already the darling of investors’ eyes because of the DS. Now add the anticipated performance of its upcoming Wii – which most analysts believe will be a case of the DS success story repeating itself – and you got a double shot of lightning striking Nintendo’s good fortune.
With all systems green and go for its global launch (North America on November 19, Japan on December 2, and Europe on December 8), Nintendo said it aims to ship 4 million Wii consoles worldwide by the end of 2006.
And here’s a bit of irony for you: The sales of Wii (and Xbox 360) could get an extra boost from the PS3. Analysts think that consumers frustrated with the lack of PS3 in the market during the holiday shopping season could end up purchasing a Wii (or an Xbox 360), instead. Not that Wii needs any help. We think Wii will do just fine on its own.
Via Next Generation
Nintendo, already sagging with cash from sales of its blockbuster DS, could have another windfall on its hands. According to industry money watchdogs, Nintendo’s shares have reached an all-time high of Â¥ 26,770 (US$ 227).
Like we said earlier, the company is already the darling of investors’ eyes because of the DS. Now add the anticipated performance of its upcoming Wii – which most analysts believe will be a case of the DS success story repeating itself – and you got a double shot of lightning striking Nintendo’s good fortune.
With all systems green and go for its global launch (North America on November 19, Japan on December 2, and Europe on December 8), Nintendo said it aims to ship 4 million Wii consoles worldwide by the end of 2006.
And here’s a bit of irony for you: The sales of Wii (and Xbox 360) could get an extra boost from the PS3. Analysts think that consumers frustrated with the lack of PS3 in the market during the holiday shopping season could end up purchasing a Wii (or an Xbox 360), instead. Not that Wii needs any help. We think Wii will do just fine on its own.
Via Next Generation
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