Nintendo stock price rockets!

[wraggster]

Even though the company was a TGS no-show, Nintendo's stock price shot up early this week, reports Bloomberg Japan. Nintendo's share price rose 2.1 percent, or 260 yen, to 12,760 yen on the Monday following Tokyo Game Show. Financial analysts in Japan are debating whether the rise in share price was directly influenced by the events of Tokyo Game Show or simply coincidental. [br][br][br]Nintendo shares are traded on Japan's Nikkei Stock Exchange. [br][br]KBC Securities' Hiroshi Kamide noted that investors might have simply been looking for something stable to buy. "Nintendo's shares are probably being purchased as defensive stock, a stock that tends to remain stable during difficult economic conditions, since the company's performance is stable and the market is hitting a low," Kamide told Bloomberg. [br][br]But UFJ Tsubasa Securities analyst Kei Oka painted a different picture. "People that were disappointed after seeing Sony's PSP and its games [at TGS] may now be anticipating the Nintendo DS," he said. While Sony Computer Entertainment had over twenty PSP games at the show, many of them were still in the early stages of development. And although analysts did not seem to have any issues with the hardware itself, they questioned whether Sony could indeed release the PSP by the end of the year with a solid third-party game lineup. Questions regarding the PSP's battery life and price went unanswered at TGS as well. [br][br]Whatever the reason, there may be additional movement in Nintendo's share price on October 7. On that day in both Japan and North America, the company will have a media-only event that will introduce the DS's final form factor and update the software line-up that will compliment the new handheld's launch.

[portner]

oh yeah....
Nintendo is gonna beat Sony!

Go Mario!!!

[WHurricane16]

Well, this, and the noticeable trend of all tech stocks rising. *I've been saying this for about 18 months: *Sony was pulling wool over everyone's eyes about their PSP. *The specs on the system were just too much, and Sony has a high propensity to lie about their specs, then release something that's a tad under what they were offering (see: *PSX, PS2).

[wraggster]

im going to get a DS the moment its released, its such a mouth watering console although i kinda prefer the old style

[Alexvrb]

[quote author=Storminator16 link=board=NDS;num=1096403957;start=0#2 date=10/04/04 at 05:31:51]The specs on the system were just too much, and Sony has a high propensity to lie about their specs, then release something that's a tad under what they were offering (see: *PSX, PS2).[/quote]You're saying that Sony would bend the truth about the performance of its consoles? No way. All PS2 games push at least 50 million polys a second. ;D