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Nintendo stocks: movin' on up, to the east side...
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]
