Wii anticipation sends Nintendo shares to six and a half year high
by Steven Williamson
on 5 September 2006, 09:53
Tags:
Nintendo Wii,
Nintendo (TYO:7974),
Wii
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Based on rumours that stemmed from Yahoo Japan's finance section, shares in Nintendo have reached a six and a half year high. Yahoo writer Kabushiki Shimbun claimed that the 14th September is the date when Nintendo will reveal the price and the launch date to the world. One of the most recognisable names in financial services, Merrill Lynch, also issued a report on Friday stating that this news will see shares rise.
At the close of business on Friday, Nintendo shares closed at $26.35, a 116% gain over their share price 1 year ago.
Nintendo are hosting a number of events across the world on the 14th including an presentation event in Japan and a press event in the United States, so it seems that next Thursday could see an end to the speculation.