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Wii

Nintendo Stock Hits Record High

by Karl Castaneda - November 15, 2006, 4:32 pm EST
Total comments: 11 Source: Reuters

Somebody cue up that "It Prints Money" GIF.

It's no secret that the DS is making Nintendo filthy rich - the kind of rich where you use 50-Dollar Bills as toilet paper, and toilet paper as dog toilet paper. But if you were wondering how rich they're becoming, then you don't need to look any further than today's Reuters article.

In it, it's explained that Nintendo stock in Tokyo today closed at 26,750 Yen, after hitting a record high 25,770 Yen ($226.71 and $226.88, respectively). Not only that, but value has gone up a tremendous 88% since the calendar year started.

Also in the article, for comparative purposes, is the stock price for Sony Corp., coming in today at a mere 4,710 Yen.

With the DS Lite's unbelievable success in Japan, and the impending launch of the Wii, it sure is a good time to be a Nintendo shareholder.

Wii Sells 600,000 Units So Far

Number accounts for units sold in "the Americas," Nintendo mum on formerly promised number of one million. Also, Zelda sells a lot.

WII IS A MASSIVE HIT

600,000 First-Week Purchases Attracting Veteran and New Gamers

REDMOND, Wash., Nov. 27, 2006 - Built on a foundation of pure fun, Nintendo's new Wii™ video game system sold through to more than 600,000 consumers in the Americas in just its first eight days of availability. That's a rate of nearly one per second continuously since the Nov. 19 launch. Including just first-party software and accessory sales, Wii instantly has become a $190 million business in the Americas.

During the Thanksgiving holiday shopping weekend, there was plenty of conversation across the nation about the high demand for the Wii system, with the acknowledgment that if you see one, you'd better buy it.



"Even with sales already in excess of 600,000 units, demand continues to exceed supply, as it's clear this is one of the ‘gotta-have' products for the holiday season," says Nintendo of America President Reggie Fils-Aime. "We've shipped retailers several times the amount of hardware the other company was able to deliver for its launch around the same time - and we still sold out. Given the inclusive nature of Wii game play, we're seeing this new form of video gaming is already a huge hit with gamers and newcomers alike. It continues to be a phenomenal launch."

The system also is succeeding in its stated mission of reinvigorating current players, while attracting new ones. Every Wii system includes the five-game Wii Sports™ software, which is the talk of the Internet, featuring countless reports on how previously devout non-gamers have suddenly been converted via the amazing new way games are experienced using the system's remarkable controller. At the same time, the masterful The Legend of Zelda®: Twilight Princess, a favorite of avid gamers, already has achieved sales of more than 454,000 units in the Americas, representing more than 75 percent of all hardware purchasers.

Licensees, pleased not only with the sales performance of the Wii, but also its creative development capabilities, are publicly sharing their comments:

"Madden NFL 07 is a great example of how the Wii gives players a whole new experience on their favorite games," says EA Studio President Paul Lee. "EA's creative teams are working to build more Wii features into some of our most popular franchises."

"The creativity we've been able to unleash on the Wii system with our game Red Steel has been eye-opening for our development teams," explains Ubisoft President Laurent Detoc. "Having the opportunity to design and develop entirely new game-play experiences using the Wii Remote and Nunchuk is both exciting and rewarding."

Classic games also are proving to be a hit on Wii, which offers downloadable access to 20 years of the best of Nintendo®, Sega Genesis® and TurboGrafx16™ hits via the system's Virtual Console™ feature.

Talkback

wulffman04November 15, 2006

Dog toilet paper?

PryopizmStan Ferguson, Staff AlumnusNovember 15, 2006

Time for a split.

KnowsNothingNovember 15, 2006

I <3 data, since I'm currently doing a report about digital innovation in econ class.

MOAR DATA

FamicomNovember 15, 2006

1148308233969qs2.gif

There you go.

SheckyNovember 15, 2006

Ticker symbol NTDOY doesn't exactly match up with the $226.71 and $226.88 listed above. What exactly is NTDOY?

scot00November 15, 2006

I dont post very often..BUT HOLY CRAP.....LOL @ Famicom

-Scot00


roeNovember 15, 2006

Actually what you guys are looking at is not public stock. However their public stock as already mentioned, is NTDOY. The more expensive stock, is a japanese stock not made to the public, if it is... its not the public stock that is booming... and not for the average person.

I had 1k this semester so I new I'd spend it, so in september i invested it in nintendo (ntdoy) at 24.85! so i'm glad it has gone up 13% in one month to 28.65... which is awesome. so research it at etrade.com ... ntdoy

Basically this is the public stock.. it has gained 13% in a month which is amazing. this week it has gone up 1-2% each day... so i'm hoping this continues until dec 2nd when it is released in japan. then i have to sell it to pay off my 900$ credit card debt lol... but im hoping it increases another 13% so i return a profit after sales.

etrade.com lets you buy it for 1k$ but you have to wait a few days for your money to clear to purchase overseas stock. even then, if you chooses hte instant cash option they dont let you buy japanese stock for 7 days! i had to call to have my trade sent through afte r8 complaints. however when i wanted to buy it in sept, it was 27$.. after bitching at etrade it was 24.85... so it was a blessing i cant complain lol. after... its back to 28 so i gainedface-icon-small-smile.gif

so make sure if you buy the stock you get ntdoy, not the really really expensive non public stock!

couchmonkeyNovember 16, 2006

My NTDOY have supposedly gone up over 100% since I bought them, but I think maybe that's a miscalculation on Etrade's part. It has gone up at least 50% though.

I don't know if now is the best time to buy NTDOY, though...we're so close to launch that expectations must be extremely high, the launch would have to amazingly well for expectations to go up any further. And after launch, I'm betting they'll fall off a bit again.

(I have no professional certifications to be giving out investment advice. All statements, other than statements of historical fact, included herein, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.) /arse saving

roeNovember 16, 2006

ntdoy is at 28.55 and probably will reach the low 30's by the 8th of december. i plan on selling on the 2nd after launch sale in japan...

i believe worldwide there are at least 1.2 million planed systems... is it 400k in japan and us or more? i'm not sure..

anyways... speculation has re-risen the stock to only 1$ from where it was in august... so when i wanted to buy in sept, it was stable at 27... in oct it dropped to 24.85.... it only has began rising steadily since november...

when release comes, it will rise greater on the sales of wii... however ds is still the reason why the stock doubled since e3.. so it is not going to fall to an obscene amount. however... for us broke people 28.55 to 31-34$ might not be worth it short term...

RennyNovember 16, 2006

closed at 26,750 Yen, after hitting a record high 25,770 Yen ($226.71 and $226.88, respectively)

D'oh.

IceColdNovember 16, 2006

It was at $13 when the controller was revealed..

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