Buy Nintendo Wii

Nintendo booked strong sales for both the Wii and DS in the year-end holiday shopping season, proving itself relatively resilient to a global economic slowdown that has slammed rival electronics firms. But Nintendo's outlook is tempered by a rising yen, which makes its consoles less competitive and cuts into the value of overseas earnings. Nintendo gets more than three-quarters of its sales outside Japan. The company, locked in a three-way battle with Microsoft Corp's XBox and Sony Corp's PlayStation in the video game market, lowered its forecast for the year to end-March to 530 billion yen from a previous 630 billion yen estimate.
The new forecast compares with a market consensus for 604 billion yen in a poll of 18 analysts by Reuters Estimates. Nintendo had been widely expected to trim its outlook given that it was based on dollar/yen and euro/yen assumptions of 100 and 140, respectively. The dollar is currently fetching about 89 yen, while the European currency is trading around 118 yen.

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