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Nintendo's Stock Spikes After E3 |
Listed in: Wii, Nintendo DS Tags: e3, industry news
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Shares for Nintendo went up 6.9% after the Wii's impressive showing at E3. How impressive was it? Well, it reached the highest point that Nintendo has seen since April 2002. The buzz at the show was obviously positive with wait times for the Wii around eight times as long as the lines to play PS3 games. I would expect another spike when they unveil their price, unless it's over the expected $200 US mark.
This is very good for Nintendo because many people have been very skeptical of their company's continued profits after the rocky existence of the Nintendo Gamecube. With the DS performing as well as it has and the great response to Wii, public confidence should steadily improve!
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