Media
Nintendo Wii U to the Rescue? (MSFT, SNE, GME, BBY, AMZN, WMT, COST, TGT, GOOG, AAPL)
Published:
The challenge for Nintendo will be to make the Wii U as successful as its best-selling Wii unit, which sold more than 96 million units, easily beating competitors Microsoft Corp. (NASDAQ: MSFT) and Sony Corp. (NYSE: SNE). Microsoft’s Xbox 360 sold 68 million units while Sony’s PlayStation 3 sold 66 million units.
Many of the buyer of the original Wii were first timers, attracted by the device’s motion-sensitive feature. Will these buyers upgrade to a device that offers some nice new features but nothing to compare with the motion-sensors in the original Wii.
Retailers like GameStop Corp. (NYSE: GME) and Best Buy Co. Inc. (NYSE: BBY) surely hope that customers will want to upgrade, but the competition from retail giants like Amazon.com Inc. (NASDAQ: AMZN), Wal-Mart Stores Inc. (NYSE: WMT), Costco Wholesale Corp. (NASDAQ: COST), and Target Corp. (NYSE: TGT) could provide only a small boost for either GameStop or Best Buy.
Nintendo also faces new competition from Internet TV devices from the likes of Google Inc. (NASDAQ: GOOG) and Apple Inc. (NASDAQ: AAPL), both of which are developing TVs that will double as game platforms.
GameStop’s shares are up 1% at $22.29 in a 52-week range of $15.32 to $26.66.
Best Buy can’t catch a break. Shares are down 1.3% at $18.33 in a 52-week range of $16.25 to $28.53.
Paul Ausick
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.