Is Nintendo’s roller-coaster ride into the commercial stratosphere reaching its apex? Some people are beginning to think so. Nintendo shares have been on the up for years now, but in recent months have stalled, prompting investors to wonder whether their current market domination is as good as its going to get. Fund manager Yoshihisa Okamoto:
People’s perception of the PS3 is improving from an underdog to something better, and part of the money that used to flow into Nintendo shares is now going to the Sony stock.
In other words, since the PS3 is now starting to win the punters over, the Wii won’t ever (least in the short-term) be in as dominant a position as it is now. What say you, raving-mad Nintendo fans? Is he right? Or will Christmas sales and Wii Fit keep Nintendo investors laughing madly at their bank balances right through 2008?