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Nintendo Co Ltd. (NTDOY)
Nintendo Full Year Sales To Exceed $14.5 Billion
Nintendo Full Year Sales To Exceed $14.5 Billion
Gamasutra - January 22, 2008
Submitted by apujanata (14935) at 2:55PM PST on January 22, 2008
Ahead of Nintendo's Q3 report expected January 24th, Wedbush Morgan's Michael Pachter has predicted the company will report sales of ¥565 billion ($5.28b), and, despite a conservative outlook, will raise full fiscal 2008 sales guidance ahead of the current ¥1,550 billion ($14.5b).
"Although the company faces some headwind with the strengthening of the Yen," he concluded, "we believe the insatiable demand for Nintendo hardware to continue to fuel upside."
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