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Nintendo shares rise (again) - their biggest gain since July 2003

ziran

Member
Mar 25, 2005
5,155
0
0
http://www.bloomberg.com/apps/news?pid=10000101&sid=aWsyxGNM.MjU

Jan. 20 (Bloomberg) -- Shares of Nintendo Co., the world's biggest maker of handheld video game players, had their biggest gain since July 2003 on a report its Revolution console will sell for less than $300, undercutting Microsoft Corp.'s Xbox 360.

Reggie Fils-Aime, executive vice president of sales and marketing for Nintendo America, told Cnet News.com this week that the company's next console "will cost less than $300,'' and will go on sale before Thanksgiving in November.

Tsutomu Enoki, a spokesman at Nintendo's Kyoto headquarters, declined to elaborate on the report, saying "We have not disclosed any specifics on the price.'' He reiterated the company's plan to sell the Revolution "some time in 2006.''

Nintendo's market share has narrowed to about 14 percent for its existing GameCube console as Microsoft and Sony Corp. introduced products with a hard drive, DVD player and Internet connection. Microsoft started sales of its Xbox 360 in November for between $299 and $399. Sony plans to sell its PlayStation 3 device around the second quarter, and hasn't given a price.

"I guess it has been a buzz of expectations,'' said Hiroshi Kamide, an analyst at KBC Securities in Tokyo. He has a "buy'' rating on Nintendo.

Shares of Nintendo rose 6.2 percent to 16,070 yen as of 1:35 p.m. on the Osaka Securities Exchange today.


"We want the game console to appeal to as many people as possible, and we have said that it won't be that expensive,'' said Enoki, without elaborating.
I think DS's success, especially in Japan, is making Revolution more and more anticipated.

Great news for Nintendo.
 

Xellotah

Member
Aug 16, 2005
1,638
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DS has an outstanding lineup of games ( at least in japan ) for 2006. Not so much for the rest of the world tho.

E3 will be interesting, last year the DS had so many new games announced for it, hopefully it will be the same this year.
 

marc^o^

Nintendo's Pro Bono PR Firm
Feb 17, 2005
15,978
1
1,475
43
A new 2D Mario Bros, Metroïd Prime Online, Tetris Online, Resident Evil, a Pokemon spin off and Brain Training may not be enough indeed to guarantee success in the West for the next 6 months.
 

AniHawk

Member
Jun 7, 2004
74,679
2
1,595
Xellotah said:
DS has an outstanding lineup of games ( at least in japan ) for 2006. Not so much for the rest of the world tho.

E3 will be interesting, last year the DS had so many new games announced for it, hopefully it will be the same this year.
There's Zelda, Pokemon, Castlevaniads 2, and Sonic Rush 2, aside from whatever else is coming out.

Oh, a real Metroid game would be neat too. Maybe they could also throw in Fire Emblem DS while they're at it. :)
 

GaimeGuy

Volunteer Deputy Campaign Director, Obama for America '16
Jun 18, 2004
49,331
0
1,550
Jeez. The stock has risen by like 40-50 thousand yen in the last 6 months I think.
 

evilromero

Member
Jun 15, 2004
18,259
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SantaCruZer said:
No he is not serious. I can't believe that there are people who don't see his sarcasm yet :/
I guess some haven't been here long enoughto know Ani. I never would've read that as serious.
 

argon

Member
Jan 9, 2005
2,805
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Larry Bird said:
Really? Or are you joking?
Yes seriously.. I decided to buy some Japanese stocks right after the Nikkei's drop this week.. (Sega Sammy Holdings, Matsushita and Kirin Brewery as well), guess I got lucky.
 

Larry Bird

Member
Oct 4, 2005
933
0
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argon said:
Yes seriously.. I decided to buy some Japanese stocks right after the Nikkei's drop this week.. (Sega Sammy Holdings, Matsushita and Kirin Brewery as well), guess I got lucky.
Depositary Receipts? Or do you live in Japan? I want to buy Nintendo shares, trying to figure out exactly how I would do that. Any advice?
 

littlewig

Banned
Jun 19, 2005
2,680
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Man, just wait until the end of the fiscal year when they report they have sold more DS than they expected and made more profits than they expected, their shares are going to increase a lot.

You guys with Nintendo shares should be happy.
 

elostyle

Never forget! I'm Dumb!
Jul 5, 2005
6,927
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Larry Bird said:
How did you go about it? Bank of NY? E*Trade? I could really use some help.
Dunno, they are being traded at various stock exchanges here in germany, although sometimes without any trades going for days. Called my bank and they bought them in frankfurt.
 

Larry Bird

Member
Oct 4, 2005
933
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elostyle said:
Dunno, they are being traded at various stock exchanges here in germany, although sometimes without any trades going for days. Called my bank and they bought them in frankfurt.
Thank you.