Friday, 21 March 2008

Nintendo downgraded.

KPG Securities Japan has downgraded Nintendo stock from "Hold" to "Buy" because sales in the DS and the Wii are expected to decline this year. This is probably a fair judgement. Between the weakening of the dollar and the strengthening of Sony PS3 sales we can't expect Nintendo to ramp up the same level of sales as they have in 2007.

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