Wii and DS Lift Nintendo to All-Time High

Home » Retro Gaming » Wii and DS Lift Nintendo to All-Time High

Nintendo is on a roll. The company’s stock rose to their highest point in company history today, closing with a gain of 3.2 percent to 37,450 yen. After raising their earnings four times in the last year and outpacing the PlayStation 3 by over 2-to-1 in Japan and America, Nintendo is now listed by JPMorgan as “overweight”. Their rating means that “JPMorgan expects the stock to outperform the average return of shares under its coverage over the next six to 12 months,” Bloomberg.com reports. Nintendo saw income of $8.1 billion for the year ended March 31, 2007. “The analysts forecast Nintendo’s shares to rise 15 percent from the current price to 42,500 yen by April 2008,” the Bloomberg article says.

Leave a Reply