updated 09:35 am EDT, Mon August 14, 2006
Nintendo scores money
Nintendo's revenues for the second quarter are up 85 percent, with a "tolerable" 10 percent EPS increase, says TheStreet. Additionally, the company's stock price has grown from $17 to $23 in the last six months. TheStreet attributes this primarily to the success of the DS Lite, especially in Japan, and thinks that even better may be on the way in light of the projected cost of the Wii (less than $250) versus the PS3 ($500-600). In fact, they're bold enough to say that a global recession would be "just the ticket" for Nintendo.