Nintendo Stocks Hit Six-Year High

Thanks to news yesterday morning that Nintendo sales have been greater than expected, stock prices for the company have reached the highest point in six years. This represents an 83% jump from just 12 months ago.

“(Nintendo’s market share will probably) turn up in the next cycle, assisted by the success of the DS portable game console, which the company released ahead of the Wii platform, as well as lower prices compared with competing products, active third-party game developer activity, and the postponement of the PS3’s debut in Europe.� Atsuko Kaneko, an analyst at UBS Securities Japan Ltd.

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