Nintendo beginning to rise on the Stock Market
Winning the “longest line to see a console” award at E3 2006, the lucky individuals that had a chance to experience the Nintendo Wii also decided they would tell there friends about their exciting opportunity. Since E3 and adding the fact that the Wii will be available before Christmas this year, Nintendo’s shares have risen a whopping 6.2%, Nintendo’s highest since April of 2002.
With Nintendo stealing every facet of the show at E3, making competitors like Sony’s PlayStation 3 and the Microsoft Xbox 360 look like unlucky competitors, the only thing that Nintendo didn’t offer to its fans was a price for the Wii. Unlike Nintendo’s competitors, Nintendo has yet to release whether the price will be around $300 or if it will be, as some are hoping, under $200. While the Nintendo Wii isn’t expected to be released until near-Thanksgiving or later, a price is expected soon to give consumers a chance to prepare to purchase a Nintendo Wii for the Christmas season.