Nintendo has $12/share in the bank. $10 price sounds ludicrous given all the reviews they have been getting and the potential that the new console holds.
Demand for Wii U is looking very strong. TVii feature of Wii U will add to sales in North America. I think analysts have been overly cautious on Wii U. I am not sure when Nintendo will release numbers on pre sales but my guess is that Nintendo can sell 5 million units by December if they had the capacity to produce.
How many units should Nintendo sell for Wii U to be considered a hit? If they sell as many as produced, is it not a big hit? Will the share price continue to languish?