Nintendo Stocks Drop

Nintendo announced details less than 24 hours ago regarding pricing and launch dates for the new Nintendo Wii game console. Since then, stocks for Nintendo have dropped 4.26% and some financial experts are claiming that Nintendo’s shares may be somewhat higher than expected. However, it is far too early to tell how exactly this will effect stock holders and the market. Despite the recent drop, the future looks very bright for Nintendo as it is expected the new Wii console will do far better by mid-term than the Gamecube or N64 ever did.

The following is a recap of the pricing and launch dates for the Nintendo Wii which were announced yesterday.

Japan Launch
Date
: December 02, 2006

Price

: 25,000 yen ($212)

America
Date
: November 19, 2006

Price

: $249.99