New record for Nintendo shares

As both the Wii and DS continue to outperform the market in every global territory, Japan’s JPMorgan Securities yesterday upped its forecasts for the company – paving the way for a 3.2 per cent surge in Nintendo’s sale price.

Next Generation reports that JPMorgan analyst Eiji Maeda expects Nintendo’s share price to jump a further 15 per cent by this time next year, stating: “We expect operating profit growth to remain strong over the medium term.”

Nintendo recently announced sales for the financial year ending March 31st of $8.1 billion, causing it to raise its annual earnings estimate for the fourth time.