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Nintendo shares soar to record high

Markus-J   on 04 October 2007 - 15:33 · 9 comments & 6199 views

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Shares of Nintendo hit a record high yesterday on the Tokyo stock exchange--briefly reaching 64,800 yen ($555) before closing up 2.7 percent at 64,300 yen ($551). The surge followed a report from Goldman Sachs which compared the Mario Factory to iPod creator Apple, reports Reuters. Goldman stated that, "We believe Nintendo's talent in creating new markets, evident from the launch of the DS and Wii, could bring it close to the level of Apple, whose high valuations are due in large part to its innovative business model."

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News source: Gamespot UK

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(2 replies) #1 eilegz on 04 Oct 2007 - 16:07
good for them they deserve it, innovation its needed and lets hope that others imitate them in a future
#1.1 Pippin666 on 04 Oct 2007 - 18:03
Quote - (eilegz said @ #1)
good for them they deserve it, innovation its needed and lets hope that others imitate them in a future
Imitating Nintendo wouldn't be innovative right?

Pip'
#1.2 selflysis on 04 Oct 2007 - 19:42
Quote - (Pippin666 said @ #1.1)
Quote - (eilegz said @ #1)
good for them they deserve it, innovation its needed and lets hope that others imitate them in a future
Imitating Nintendo wouldn't be innovative right?

Pip'


Imitate their success. As in, do just as well, doing different things. I assume that's what he meant, if not, you're right.
(1 reply) #2 Croquant on 05 Oct 2007 - 00:25
Nintendo shareholders were heard to exclaim "Wiiiiiiiiiiiiiiiiiiii!"
And then they went home to play with their Wii.
#2.1 toadeater on 05 Oct 2007 - 02:50
Quote - (Croquant said @ #2)
Nintendo shareholders were heard to exclaim "Wiiiiiiiiiiiiiiiiiiii!"
And then they went home to play with their Wii.


This confused the French, who thought they were yelling "Oui!"
#3 Magallanes on 05 Oct 2007 - 13:21
Hail to the king!.. we are returning to the old times where Nintendo was the best. I just miss Sega.
#4 Albert on 05 Oct 2007 - 13:34
comparing apple to nintendo is like comparing the farting preacher (and they really do have a farting preacher for a ceo) to the pope.

someone is over-valuing a no value company.
#5 jstillion on 05 Oct 2007 - 20:29
#1 console in 1/2 the time as there cloesest competor means they did something right.
#6 Gasoau on 09 Oct 2007 - 15:01
Wow amazes me nintendo did so crappy with the gamecube and now there doing so well with the wii

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