Nintendo shares soar to record high

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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