10/3/07

Nintendo Stock Still Rising?

I'm not sure if any of my readers out there took the initiative when the Wii was first announced and bought Nintendo stock, but there is good news to any of you who did. Reuters just released an article stating that Nintendo's stock has reached an all-time high and is predicted to increase their profit forecasts again. When Nintendo first unveiled the Wii, now currently the market leader, back in July of 2005 Nintendo's stock was floating somewhere around the $17 mark. As of yesterday it is sitting around closer to $67. With the holiday shopping season coming around the corner, WiiFit about to launch in Japan, and Super Mario Galaxy and Smash Bros Brawl coming as well it appears these predictions could very well hold true.

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