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This is one of those stories that are hard to comment on because it could really go either way. Earlier today, Nintendo’s shares in Japan gained by 6.7% on the Osaka Securities Exchange — their biggest advance in almost a year — after financial services company Citigroup Inc. raised their investment rating on the company.
While the DSi is doing fine, sales of the Wii in Japan haven’t been anything to write home about for the majority of this year. Citigroup analyst Soichiro Fukuda, however, believes that the worst may be over and that Nintendo will introduce a new DS model in June of next year to help boost its earnings.
Common sense would dictate that the Wii is the machine in need of a revision right now, but I guess that goes without saying. Following this holiday season’s fairly impressive line-up of releases, there’s nothing that has been announced for 2010 that Japan would be particularly interested in, aside from the Vitality Sensor.
If you take the worldwide market into account though, yeah — the Nintendo DSi is going to be faced with some tough competition next year and this is something they’ll probably want to address.
