I would have rated this earlier, but it wasnt made available by socialPicks last time I checked.
Nintendo is definitely headed for success this year. People are in frenzies over the DS and the Wii. It seems like every day on digg there is some article about how well the Wii is doing. With the success of its new system, Nintendo is winning over former fans and new ones. I hear people who I never thought would play video games talking about how they tried the Wii and loved it. With a lower price the competition, a short learning curve, and solid games, the Wii is poised for success.
Nintendo has also won back a lot of support from third party developers, who were lost during the Gamecube era. That equals more game licensing fees.
I'm also seeing a return of the DS, which has been doing well, but after two years or so the novelty of the idea died down. Now, I'm seeing lots of people picking up their DS's again.
The only potential risk I can see with this buy, is the value of the dollar against the yen. If the dollar falls in comparison to the yen, there could be potential losses for American investors. However, I find that the Nintendo's success during this year will ultimately out weigh this risk.
$34.4 (02/06/07)
