The Wii

It has been almost exactly 1 year since I first heard real news about the Wii. No one had a real clue what it was exactly like until E3 2006 last year where news of gamers lined up at the Nintendo booth addicted to the Wii console. I knew from the start that the Playstation 3 to be released by Sony would be a flop, despite that I decided to apply for a job with them.

I bought into Nintendo stock at about $20 USD after I read the reviews of the systems and what was going around the net. The X-box and the PS3 would be going head to head, but the Wii was cheap and something refreshingly different. I bought some more at $26 and the price has been on a steady climb since then. As of today, the stock stands at about $41 and I think it will continue to rise for a while longer.

I've never touched the Wii since buying stocks, not until yesterday while at a friend's house when I tried the system for the first time. The system is simple yet ingenious and I loved it to bits. I played bowling, boxing, tennis and all sorts of silly games on the system. Buying extra stuff like extra controllers for system will run a small change of cash and the games also run for about $50 each.

The prices for the games on the Wii are somewhat cheaper than those on the X-Box and the PS3 but still close to par, but graphics wise, they are incredibly simpler compared to the more serious gaming consoles; it is insane how beautiful the graphics are on the PS3 for example.

I do know from my gut feelings that Wii sales will be strong for a while since supply is still tight and they are selling out. Couple that with game sales that will also be turning a profit for Nintendo, I think that these guys will be in good shape and growing for a good time to come. I intend to at least double up on my stock with them.

That is not to say that every investment I have made was successful. I have lost approximately 50% of invested money in a company developing LED lighting systems which I felt that would be the future of lighting. LEDs are exceptionally efficient compared to their incandescent counter parts. However, they haven't taken off yet I still don't exactly know why.

I have taken a position with Apple on their upcoming iPhone. I watched Apple's stock ever since the iPod era and always though that they were going to max out at some point, but they kept on going. I do know for sure that I am not as confident on the upcoming iPhone as I was for Nintendo's Wii because there is a lot of built in hype in the iPhone and I already know that the iPhone is going to be expensive, in addition to the service costs to run the iPhone. But somehow, when I compare the iPhone to the expensive blackberry when that came through, they might still pull through, but I think their stock price is rather inflated.