Firm 'could rival Apple' says Goldman Sachs
Shares in Nintendo hit a record high this morning as speculation grew that the company could raise its earnings forecast for the second time this year.
Reuters reports that the Kyoto-based firm’s shares peaked at 64,800 yen (€394) – an all time high – before eventually closing at 64,300 yen (€391).
Global investment firm Goldman Sachs gave Nintendo a ‘buy’ rating as a result, comparing its success to that of Apple and its iPod.
'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,' Goldman said in a report.
Advertisement
Comments
great news!
it's great to see NIntendo finally get the recognition they deserve after decades! They're way more influential than apple and the like
Long term?
The DS and its software will certainly perform very well in the years to come. I'm not sure we'll see the Wii keeping its current pace. The Wii pales in comparison to even the PS3 when it comes down to good software.
Re: Long term?
have to desagree with "The Wii pales in comparison to even the PS3 when it comes down to good software." .l. there are lots of categories of "good software", and when it comes to games the factor is gameplay and fun ... who does that better is the question, wii or ps3 ?
Re: Long term?
the wii is more fun and more lively whereas ps3 has more action filled games but some wii games have better action than ps3 so it really depends on what games you like.
Online Pharmacy best pills dfg
http://confluence.public.thoughtworks.org/display/~buy-xanax-no-rx - xanax http://confluence.public.thoughtworks.org/display/~buy-tramadol-no-rx - tramadol http://confluence.public.thoughtworks.org/display/~buy-valium-online - valium http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-ambien-online-without-prescription-buy-ambien-10mg-5mg - ambien http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-xanax-online-buy-xanax-2mg-1mg - xanax http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-fioricet-online-without-prescription-buy-fioricet-cod - fioricet http://connections.blackboard.com/people/50273d6fc2 - tamiflu http://tapestry.formos.com/wiki/display/~buy-tamiflu-winthout-prescription - tamiflu http://boinc.vanderbilt.edu/CSB/view_profile.php?userid=5324 - ambien http://confluence.public.thoughtworks.org/display/~ativan4r5r - ativan http://confluence.public.thoughtworks.org/display/~buy-ambien-without-prescription - ambien
adequately debut mere exposition rhythmic debra factorauthor
Leave a Comment
HOT TOPICS
Xbox owners ‘defecting’ to PS3 31
HMV calms Modern Warfare concerns 28
Modern Warfare 2 already pirated? 26
Activision praises retail and promises fair play on MW2 16
First MW2 pre-orders arrive 16
Tesco sells Xbox 360 games for £3.97 10
EA: PES is struggling 9
LittleBigPlanet sequel looks unlikely 7
Activision: 'Guitar Hero as respected as Harley Davidson' 7
Mama takes on Modern Warfare 6
RELATED STORIES
New record for Nintendo shares 2
Nintendo eyes up stock market for next DS title 1
Elite Beat Agents finally receives Euro release date 2
Wii strikes new '07 UK sales record 1
Big Brain Academy confirmed for Wii 2
Australia: Wii boosts Nintendo fiscal results 1
Nintendo slams copycat rivals 1
Geometry Wars: Galaxies confirmed 2
Kirby Attacks next month 1
Nintendo eyes up PS2 sales record 1
ABOUT US
MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by Intent Media, which specialises in entertainment, leisure and technology markets