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Nintendo stock downgraded on fears of slowing system demand

Despite Gamestop's recent assurances that the Wii will be hard to find for at least six more months, some think that the system's sales figures are about to peak. Exhibit one: KBC Securities Japan, which recently downgraded Nintendo's stock from a "buy" to a "hold" recommendation because of worries that Wii and DS sales will slow after "explosive growth" in the last year.

The KBC report, which also includes a 30 percent cut in its 12-month price estimate for Nintendo stock, is also based on worries that the Japanese company will see its revenues continue to suffer as a result of the weakening American dollar. KBC's outlook stands in stark contrast to Nintendo's own bullish profit estimates over the last year of surging sales. Since everyone seems to be making predictions, we're going to go out on a limb and say that Nintendo's stock will plummet when contact with an alien race quickly erases all human want and destroys the international economic system as we know it. Hey, it could happen ...

The Wii will flow this holiday says Reggie


In a painful to watch video by anyone with an iota of video production training, the Mercury News interviewed Nintendo's Reggie Fils-Aime about the Wii supply for this holiday season. Fils-Aime says, "Wii hardware that will be in North American stores will be unprecedented – substantially more than the launch, substantially more than has been seen to date." Yes Nintendo, keep diverting those precious Wiis our way.

Then Fils-Aime rains on the parade saying that despite the extra supply, consumers should "regularly check" to see if the system is available. He says demand continues to outweigh supply, so those in need of Wii should be waiting at the store when the product arrives. As for the competition, Reggie dismisses Xbox and PS3 saying they haven't impacted their business. If you have no video training whatsoever feel free to watch the Mercury News clip and soak in the Reggieness.

[Via GameDaily BIZ]

Nintendo stock price keeps going up


Without getting into those pesky things called numbers, Nintendo's stock was up 5% at the close of the Tokyo Stock Exchange today. This follows yesterday's August NPD report showing in the US the Nintendo Wii and DS continue to be on track like they're on Pokémon Safari. Nintendo's stock has seen a steady increase since E3 2005. Anticipation of the Wii and continually strong DS sales really got the stock shooting skyward late last year. Analysts are saying that if you're looking to buy Nintendo stock to go right ahead, this train ain't stopping anytime soon.

The Wii and DS continue to be on a global rampage as far as anyone can see. Like the Financial Times reported, Nintendo has strong sales in all markets, not just in the States like the Xbox, or the PS3 in, um ... Australia likes it. It's moments like this that truly make us wonder where Nintendo would be now if they could figure out their production issues.

Sell your soul to pre-order a British PS3

U.K. online retailer Play.com has made the PS3 available for pre-order in a bundle with three games, pushing the price up to £549.99 which, for a game console, is very near the "I'd have to sell my soul to get one" boundary. The real cheek is that the company doesn't guarantee that they'll be able to ship the console to you before Christmas "due to an expected European shortage of the PS3." On top of that, the three game bundle of Formula One '06, Warhawk and Singstar "may be changed, subject to availability."

We realize that these kind of bundles and disclaimers are the norm with console pre-orders, but if you convert this figure to dollars ($1,019.73) and compare it to similar deals for the Xbox 360 that we previously considered outrageous ($1,200 got you an Xbox 360 with 11 games and several accessories not too long ago), you get a good perspective on the difficult situation that Sony has put itself into by setting such a high sticker price. If the first pre-order bundle in the UK comes in at over half a grand, what can we expect from retailers in the weeks before the launch? I really don't want to be forced to sell my little sister's soul too.

[Via T3]

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