Nintendo (NTDOY.pk) update

Nintendo held a Media Summit in Seattle last week to showcase some of the games scheduled to debut this summer and beyond (link to IGN coverage). To kick off the event, there was a presentation to the media by Nintendo of America president Reggie Fils-Aime. He discussed Nintendo's expanded audience games (games targeted outside of the normal gamer market) as well as the releases of Metroid Prime 3, Super Mario Galaxy, Smash Bros. Brawl and The Legend of Zelda: Phantom Hourglass later this year.

Here is a quote from his speech that particularly stood out for me:

"In the history of the videogame industry here in the United States, only one company has ever been the number-one manufacturer of a hardware console, the number-one manufacturer of a portable console, the number-one game publisher and the owner of America's top-selling game all at the same time. The company was Nintendo back in the 80s. And now today we've done it all over again."

I overlooked this fact in my earlier analysis and it further goes to show Nintendo's dominance in the gaming market at this time. This bodes well for Nintendo's stock price in the short term.

A few other points of interest:

Nintendo Wii is number 3 in a Top Products of 2007 story by PC World. (link here) Where does the XBox 360 rank? The upgraded Xbox 360 Elite places number 18 on the list, while Sony's PS3 is nowhere to be found.

Lastly, Nintendo's stock went up 2% recently on news that their target for Wii sales in the U.S. by 2012 is 35 million. That is very close to the 38.2 million Ps2 consoles sold in the U.S. thus far. The Ps2 is the biggest selling console of all time.