Can Nintendo Keep it Up?
Nintendo is presently riding high, thanks to the enormous worldwide popularity of the Wii and Nintendo DS consoles, leading to a high stock price. But the question, according to a Wall Street Journal analysis, how long the company can keep it up.
Now the third-largest company in Japan, Nintendo is expected to release strong earnings next week. But some analysts are wondering whether the looming U.S. recession will eventually slow the company’s momentum.
Helping Nintendo’s cause, however, is continued strong demand for the consoles, as well as the upcoming release of two games, “Wii Fit” and “Mario Kart Wii,” that are expected to be hugely popular.