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Nintendo Shares Reach All-Time High

by Carlos Bergfeld, Oct 03, 2007 4:30pm PDT
Related Topics – Nintendo

Shares of Kyoto-based game giant hit a record high today at 64,800 yen ($560) after being given a "buy" rating by analyst firm Goldman Sachs, Reuters reports. The analysts said Nintendo's financial situation could make its stock emulate the rise of Cupertino-based iPod maker Apple. "We believe Nintendo's talent in creating new markets, evident from the launch of the DS and Wii, could bring it close to the level of Apple, whose high valuations are due in large part to its innovative business model," Goldman said, according to Reuters. There's speculation Nintendo may raise its earnings forecast a second time for the current fiscal year, which may have helped drive demand for the stock. Last week, Nintendo became Japan's second-most-valuable active stock on the Tokyo Stock Exchange.




Comments

5 Threads | 27 Comments
  • will someone explain the fun with the wii? I have yet to have had fun playing it...

    IT MAKES ME TALK IN CAPS BECAUSE IT HAS WAY TOO MUCH FANBOYISM! :D

    its so comical to think that nintendo has made a fortune from putting out gamecube hardware in a new fancy box with a motion sensitive controller. from a business stance I give them mass-props, because it allowed them to just pull sheer mass profit.

    Then they put on a DS-lite, practically again same hardware inside a smaller box with a brighter screen... WHAMMO 75% of everyone with a regular DS then buys the lite, plus people who never had a DS build onto the hype-machine.

    I guess im just grumpy because "i dont get it"... good job nintendo.