Nintendo Shares Reach All-Time High
"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.
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Although this generation of consoles is just now booming, I would love to see what Nintendo has in store for gamers in the future. Hopefully with all this revenue, they can invest more in their R&D departments.
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