Wed, Jan 06, 2010 | 08:36 GMT
Record US Wii sales push Nintendo stock to two-month high
A Nintendo estimate of selling 3 million Wiis in the US last month – compared to 2.15 million in December 2008 – has boosted the company’s stock to a seasonal peak.
Nintendo shares climbed 5.1 percent to 24,090 yen yesterday, trading at highest levels since late October
“Nintendo’s got a good lineup and we’re finally seeing the benefits of the price cuts,” JPMorgan’s Eiji Maeda told BusinessWeek.
“The new release in the Super Mario Brothers franchise had a huge impact.”
Nintendo president Satoru Iwata, speaking to Reuters, went as far as to say: “I think it’s now safe to say the Wii has recovered from slowdown.”
As well as predicting a large YoY rise in US Wii sales yesterday, Nintendo Europe dropped a ton of figures on the European Wii.
Wii has now passed 20 million units in Europe since its release in December, 2006, the company said.
Recent first-party Wii games in Europe were also shown to be selling extremely well in a slew of announcements on Tuesday, with New Super Mario Bros. Wii passing 2.5 million units and Wii Sports Resort beating 5 million sales in just five months.