informa
1 min read
article

Wii Drives Up Nintendo Share Prices

Japan's FISCO news service is reporting that analysts from Merrill Lynch have pushed Nintendo's share price higher on anticipation for its forthcoming Wii console. Lync...
Japan's FISCO news service is reporting that analysts from Merrill Lynch have pushed Nintendo's share price higher on anticipation for its forthcoming Wii console. Lynch has raised the company's target share price to 27,000 yen from 23,000 yen. At press time, Nintendo was trading at 24,630 yen ($212.37) a share, following a six and a half year high on Friday, when it was up 72% year to date, and 102% over this time last year. With a full public announcement and unveiling on the Wii console predicted for the 14th of September in Japan, with more following worldwide. This, alongside ever increasing sales of DS software and hardware, should further bolster the company's outlook, as the company's stock price creeps up toward the record highs it enjoyed during the early 1990s, when its Super Nintendo sales drove stock to at 30,000 yen high. Nintendo's current market value is estimated at nearly 3.5 trillion Yen, an equivalent of roughly 30 billion dollars.

Latest Jobs

Studio Pixanoh LLC

Los Angeles, California
05.20.22
Combat Designer

Treyarch

Playa Vista, California or Vancouver, BC
05.20.22
AI Engineer

Question

Remote
05.20.22
Lead Level Designer (South Park)

Remedy Entertainment

Helsinki Metropolitan Area, Finland
05.23.22
Rigging Artist
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more