Nintendo Shares Surge – Market Value Surpasses $85 Billion
Powered by arguably the highest paid plumber on the face of the earth, Nintendo has become Japan’s third most valuable company.
With an increase of nearly fivefold in the past two years, the gaming giant seems to have it all figured out as they stomp their competition without the use of so called “next gen” graphics. Few can argue that the Wii and DS are hugely successful as they continue to be in high demand.
Not everyone is completely sold on the path Nintendo is blazing, as recent reports suggested that some software houses in Japan were less than optimistic regarding the longevity of the Wii console.
“There’s more upside than downside risk. There’s every reason to believe Nintendo will continue to execute its strategy well in expanding the gaming industry to strengthen its position…and really keep doing what it’s been doing regardless of what competition is doing.” – Hiroshi Kamide, KBC Securities Analyst.
Rarely does great success not come with its share of criticism and detractors. This is a time to congratulate Nintendo on an amazing achievement, as the future (good or bad) will come soon enough.
