Record US Wii sales push Nintendo stock to two-month high

News by Patrick Garratt Founder & Publisher (Former)

Published on Jan. 6, 2010

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.