Shares of Nintendo rose 7.7 percent on the Osaka Securities Exchange today. This comes off of Reggie Fils-Aime's interview confirmation that the Revolution "will cost less than $300,'' and will go on sale before Thanksgiving in November.
From the article: "Nintendo's market share has narrowed to about 14 percent for its existing GameCube console as Microsoft and Sony Corp. introduced products with a hard drive, DVD player and Internet connection. Microsoft started sales of its Xbox 360 in November for between $299 and $399. Sony plans to sell its PlayStation 3 device around the second quarter."
We blog about games, not the stock market. But what could the rise be attributed to? Differentiation from higher priced competitors?
[via Infendo]
