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NWR Interactive => TalkBack => Topic started by: Penguin_Of_Thyme on January 06, 2010, 04:29:12 AM

Title: Nintendo Stock Rises On Wii & DS Sales Projections
Post by: Penguin_Of_Thyme on January 06, 2010, 04:29:12 AM

Nintendo shares soar in Japan after the company's recent report of likely record Wii and DS sales in the US.
 http://www.nintendoworldreport.com/newsArt.cfm?artid=20722

 Yesterday, Nintendo projected that over 3 million units of its Wii console had been purchased in the U.S. month of December.    

The rosy sales forecast spurred great investor interest in Nintendo Co. Ltd., leading to the best single-day jump for the Kyoto-based company's stock since November 2008.  Nintendo ended the day on the Osaka Stock Exchange with their stock price jumping up 6.9% to 24,500 yen.    

Eiji Maeda, a senior analyst JP Morgan Chase & Co. in Japan, explained his thoughts on Nintendo's recent success. "Nintendo’s got a good lineup and we’re finally seeing the benefits of the price cuts," said Maeda. He also stressed that the release of New Super Mario Bros. Wii had a "huge impact."