Nintendo: It's Worldwide

Class warfare and worldwide piracy, Nintendo can handle it.

Following U.S. President Barack Obama's address to a joint session of congress, the world market remained uneasy with modest gains for Japanese exporters. Said President Obama with fire: "We're not worried about banks...we're worried about people." And the people are the consumers.

Meanwhile, Nintendo joins the anti-piracy party soliciting help from the U.S. Trade Representative. Nintendo Co. singled out six countries where stronger legal action is needed against videogame pirates: People's Republic of China, Republic of Korea, Brazil, Mexico, Spain and Paraguay. In the filing, Nintendo called China the hub of production for counterfeit of their products. They also asked the Representative to work on strengthening the U.S. commitment to worldwide intellectual property laws. Nintendo has been the victim of many erroneous patent lawsuits.

There are grave reservations about counterfeit products, proven to overheat and even cause fires. Nintendo also expressed concern over Mod Chips. "It is important for parents to note that if users of circumvention devices are children, they may be exposed to unsuitable content downloaded from the Internet and played on their Nintendo systems," said Jodi Daugherty, Nintendo of America's senior director of anti-piracy.

Stock wise, Nintendo's past close was up 6 percent in Osaka trading after a five-day losing streak, in a market at its lowest since October 1982. At last close, Nintendo was up 3 percent as the weaker yen boosted its earnings outlook, reports Bloomberg news.

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Comments

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  Why did it listed "People's Republic of China" instead of its proper name of "Taiwan"? Won't this give people a false sense of hope of China is supporting anti-piracy?

  LeSomeGuy, 30-11--0001 at 00:00
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  The Republic of China is the former name of Taiwan. The People's Republic of China is the huge country commonly referred to as simply China. It is confusing.

  LesThom, 30-11--0001 at 00:00