E3 Hype Boosts Nintendo Shares

[Kefkataran]

Next Generation (http://www.next-gen.biz) brings the news that all the hype Nintendo has received from showing off their Wii at E3 has given a strong boost to Nintendo shares (http://www.next-gen.biz/index.php?option=com_content&task=view&id=3012&Itemid=2):

Many outlets have deemed the hardware and software maker the "winner" of E3, but the real benefit of Nintendo's showing last week can be seen in its 19,710 yen ($178.70) share price. After the expo, shares hit a four-year high of 19,890 yen ($180.38).

Super news. Nintendo's already profitting from their new system. Kudos to them!

[dena miscreant]

It doesn't hurt that both Microsoft and Sony are publicly stating that people should get a Wii after their respective systems.

[Blade]

From the moment we heard "cheaper, the ideal 2nd system" I knew that Nintendo might have a shot at "winning" this gen.

That has yet to be proven, but it's becoming increasingly likely.

[Serapth]

I really hope it isnt hype driving the share price up post e3, as in the long run that tends to be bad for the stock. More or less its purely speculative trading. In otherwords people are buying Nintendo because they buy the hype and think Nintendo is going to kick ass this year. Problem is, now they have to kickass, or the stock takes a beating down the road.

[Abednigo]

Was the price and release date of the Wii ever announced at E3?

[card930]

I would just like to point out that, while Sony and Microsoft have their entire respective companies to make money for their whole corporations, Nintendo has only the video game business to remain profitable, which they have almost a perfect record of for the last 20 years.
I don't know what the figures are for Sony, but the last figures I've seen show that Microsoft has bled out more than 4 BILLION dollars in loss on the Xbox and Xbox 360.

[Hemloco]

I'm in for $30,000. I want Mario working for me. I only bought NTDOY once before in 2001 and had a net loss of $2000 when I cashed out in 2004. I hope Mario does right by me this time. Go Nintendo!

[Acidpoptart]

Was the price and release date of the Wii ever announced at E3?

I read somewhere (dont remember, sorry) that some info had been leaked that said it would cost $250. Not sure though.

[Wedge]

(...)all the hype Nintendo has received from showing off their Wii at E3 [/URL]:


Hopefully it made up for the drop in shares they had after revealing the name :p

[Wedge]

I read somewhere (dont remember, sorry) that some info had been leaked that said it would cost $250. Not sure though.
I think that the leak came from IGN.

[Abednigo]

I think that the leak came from IGN.

It was the new EGM that someone had posted scans somewhere the first full day of E3. It wasn't confirmed, but the rest of the info in the EGM article were spot on with what Nintendo revealed at their press conference. So everyone seemed to assume that the $249 price was probably legit. I was just curious if it had been confirmed by Nintendo.

[Kefkataran]

Was the price and release date of the Wii ever announced at E3?

Not officially. As others have said, the price is strongly rumored to be 250. All we know about the release is that they said it will be out in the last quarter of this year.

[Dracula-X]

Good news all around for Ninty, well deserved so far. I'll cement that notion as soon as I get my hands on Zelta:TP :)

[Ailer]

I'm in for $30,000. I want Mario working for me. I only bought NTDOY once before in 2001 and had a net loss of $2000 when I cashed out in 2004. I hope Mario does right by me this time. Go Nintendo!
How'd you like to invest in a poor university student? No? How about some kind of butler? I can do eithor....

[gzsfrk]

Let's just hope that the market at large has as much enthusiasm about the Wii as the typical "plugged in" gamer. I mean, the consensus on most of the gaming sites was the Psychonauts was the best platformer in years, yet it more or lessed mediocred its was through the marketplace. I for one certainly would hate for that to be the case with the Wii. Guess it all depends on marketting and perceived "hipness". (Gads, I hate that such is the case.)

Of course, inversely, that may be the saving grace for Sony. The PS3 gets generally bad evaluations from the hardcore gaming population, but manage to rack up in the marketplace because parents just know that little Jimmy wants a Playstation something or other, regardless of the cost.

[Entropy Effect]

Next Generation (http://www.next-gen.biz) brings the news that all the hype Nintendo has received from showing off their Wii at E3 has given a strong boost to Nintendo shares (http://www.next-gen.biz/index.php?option=com_content&task=view&id=3012&Itemid=2):





Ummm, as someone who has bought Nintendo stock recently, I can tell you it was trading around $19.50 at the end of the week prior to E3 and is currently trading at around $20.95.

This is certainly a significant jump in a week's time, but I'm not sure where Next Gen got their share prices. The $178.70 to $180.38 jump they quote is nowhere near the 6.2% in the title of their article. Either they got the share prices in yen wrong or their conversion is way off.

[Rafer]

Wii as second system? Since I haven't gotten a HDTV yet Wii will probably be my first system, my second will be whoever does a price drop first.

[Lexicon]

Ummm, as someone who has bought Nintendo stock recently, I can tell you it was trading around $19.50 at the end of the week prior to E3 and is currently trading at around $20.95.

This is certainly a significant jump in a week's time, but I'm not sure where Next Gen got their share prices. The $178.70 to $180.38 jump they quote is nowhere near the 6.2% in the title of their article. Either they got the share prices in yen wrong or their conversion is way off.

The next gen article is just a summary of the bbc article found here http://news.bbc.co.uk/2/hi/business/4772109.stm The relevant quote from that article being : Nintendo shares climbed 6.2% to 19,710 yen having gone as high as 19,890 yen - its highest level since April 2002.

[gzsfrk]

Ummm, as someone who has bought Nintendo stock recently, I can tell you it was trading around $19.50 at the end of the week prior to E3 and is currently trading at around $20.95.

This is certainly a significant jump in a week's time, but I'm not sure where Next Gen got their share prices. The $178.70 to $180.38 jump they quote is nowhere near the 6.2% in the title of their article. Either they got the share prices in yen wrong or their conversion is way off.

Nice catch--I thought $180 sounded a little high. Companies will usually do a stock split if their individual share price gets near or over $100, so it's strange for most companies to see the price stay that high for very long.

[Kefkataran]

This is certainly a significant jump in a week's time, but I'm not sure where Next Gen got their share prices. The $178.70 to $180.38 jump they quote is nowhere near the 6.2% in the title of their article. Either they got the share prices in yen wrong or their conversion is way off.

It is quoted in yen in the article, isn't it? That said, I'm not sure. Next Gen's usuall good about this stuff. :S

[Entropy Effect]

It is quoted in yen in the article, isn't it? That said, I'm not sure. Next Gen's usuall good about this stuff. :S

Next Gen's only mistake is presenting the two quoted share prices in a different context than the original BBC article did. You can get a NTDOY quote in USD just about anywhere on the internet, with the current quote at $20.95, but I can't find a quote in Yen anywhere so I have no idea where the 17,000+ Yen price is coming from.

[Kefkataran]

Ah, thanks for clearing that up, Entropy. Think I get it now. :p

[Lexicon]

Next Gen's only mistake is presenting the two quoted share prices in a different context than the original BBC article did. You can get a NTDOY quote in USD just about anywhere on the internet, with the current quote at $20.95, but I can't find a quote in Yen anywhere so I have no idea where the 17,000+ Yen price is coming from.

The quoted Yen price is coming from the Nikkei Tokyo Index. http://www.tse.or.jp/english/index.shtml

[Entropy Effect]

The quoted Yen price is coming from the Nikkei Tokyo Index. http://www.tse.or.jp/english/index.shtml

Now it is all making sense. The stock traded as NTDOY at $20.95/share is only a piece of a share (http://www.advfn.com/money-words_term_6114_American_Depositary_Receipt_ADR.ht ml) on the foreign market.

[bean19]

I would just like to point out that, while Sony and Microsoft have their entire respective companies to make money for their whole corporations, Nintendo has only the video game business to remain profitable, which they have almost a perfect record of for the last 20 years.
I don't know what the figures are for Sony, but the last figures I've seen show that Microsoft has bled out more than 4 BILLION dollars in loss on the Xbox and Xbox 360.

chump change. :) I recalled reading a story about how they were losing money last year (which makes sense given the new console), but I didn't think it was that much.

Btw, Sony is the big-dog. They are the oppossite from Microsoft as they tend to lose money from their other endeavors and make it from their games.

[ElectricMonk]

You're forgetting one thing: Microsoft dosen't lose money. Ever.

http://www.microsoft.com/presspass/press/2005/jul05/4Q-05ERPR.mspx

they have so much money it's sick.