That theme from The Jeffersons came to mind when we first saw what a share in Nintendo stock was costing. Coming in at $26 (a six-year high) a share, high confidence in Nintendo's Wii is the main cause of this hike in price. Meryll Lynch even raised their price of Nintendo stock from $25 to $29 last Friday, stating that anticipation for the Wii was the main driving force behind the decision.A solid showing from the console at May's E3, along with continued support from third-party developers, and a large launch lineup are all contributing factors to Nintendo's pre-launch success. Should they follow through with plans and launch the console for an affordable price, make due on their promise of launch titles, and provide a robust online component through their WiiConnect24 service, there will be little to stop them from regaining the market share they enjoyed over 10 years ago.
[Via Joystiq]
Reader Comments (Page 1 of 1)
9-06-2006 @ 1:49PM
TURTLEBOY81 said...
Watch out Sony Nintendo is head on your heels. Keep screwing your consumers and watch the Sony name become second to Nintendo. Sony stocks are dropping Nintendo stocks are rising what does this say? Nintendo is already starting to win. They just have to play their cards.
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9-08-2006 @ 12:41PM
John Lucas said...
I gotta do it.
I gotta do it.
"WII-ZAY!!" shouts George.
Boy I watched the HELL out of that TVLand Jeffersons marathon Labor Day Weekend. Time well spent. Well lazy'd anyway.
John Lucas
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