Nintendo Wii On Schedule, Stocks at 6 Year High

Fears arose after Sony’s announcement of a delay of their upcoming next-generation PlayStation 3 console because many feared that if Sony missed their launch date, so could Nintendo. Nintendo responded to Sony announcing a delay of thr PS3 in Europe by reassuring that the Wii is on schedule.

Nintendo responded with a statement though to ease the minds of the Nintendo faithful. “Wii is on track to ship in Q4,” Nintendo offered in a statement, “with plans to ship 6 million systems to retailers around the world between its launch in the fourth quarter of 2006 and the end of its fiscal year on March 31, 2007.”

Meanwhile, anticipation for the upcoming Nintendo Wii has driven Nintendo’s stock to a six-year high. Consumer and industry confidence in Nintendo’s upcoming console has driven Nintendo’s stock price to just over $26. This is a six-year high for the company. The raise went from $25 to $29 last Friday. More on Nintendo’s achievements

This compares directly with Sony who experienced a stock decline and continues to stay at a lower rate than Nintendo.