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Thu, May 24, 2001 - Page 24 News List

Currency gains may help Nintendo's profits

BLOOMBERG , KYOTO, JAPAN

The share gain "reflects investors' good impression about Nintendo's game software for the GameCube," said Yuta Sakurai, an analyst with Nomura Securities Co in Tokyo.

The company may benefit from higher software sales because it's selling the new GameCube video-game console in the US for about US$200, as much as 33 percent less than rival products from Sony and Microsoft, analysts said.

It will appear in stores three days before Microsoft begins selling its Xbox for US$299, the same price as Sony's PlayStation 2.

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