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Nintendo stock on the upswing

Since the beginning of 2006, Nintendo’s stock has been soaring. With DS lite sales showing some pretty amazing numbers, since launch in Japan and America the news from the Nintendo camp has been hugely positive. The Wii launch doesn’t go without mentioning, the crazily popular console has virtually been given purely positive reviews from 3 - 76 year olds, which is helping boost Nintendo’s earnings and in turn, boosting stock prices. Wiisworld has the details.

Nintendo’s stock is doing pretty well, but Sony’s on the other hand? Not so great. It isn’t really doing poor, it just isn’t rising. It’s had its ups and downs, but as of today; the stock doesn’t look too impressive when compared with Nintendo. Bad press circulating with what seemed to be a new piece of negative news every other day doesn’t help the outlook of the product that the company is trying to sell very well.

It’s been a great year for Nintendo, since January the stock has risen over 100%. The DS has been a phenomenal seller all year long and the Wii has had a strong start too.

Things aren’t looking quite so sweet at the Sony camp, it’s been a rollercoaster ride. Stock is now at the same level as when the year began. Massive damage?

Except for the old worn out joke, the news is correct. Until Sony shows something worth a hoot, it’s looking better and better for Nintendo with every passing day.

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