Pachter: Nintendo financial earnings greater than expected
by David Hinkle 
{ Jul 28th 2008 at 9:00PM }
Michael Pachter is of the mind that Nintendo made a whole ton of money during the second quarter. Nintendo is supposed to release figures on the 30th, but that hasn't stopped Pachter and Wedbush Morgan from coming up with some figures of their own. Pachter says the company will report earnings of ¥421 billion ($3.91 billion) and raise their yearly estimate to ¥1,907 billion ($17.7 billion)."Nintendo's recent financial performance has been spectacular and we expect this to continue in FY:09," Pachter commented, going on further to state that "Nintendo's Wii and DS appear to be selling even better in FY:09 than in FY:08, and we believe the momentum will last through the end of FY:09." This is likely due to some smart advertising campaigns, which had female celebs showing off how awesome the handheld is. Plus, you know, the handheld has tons of amazing games.
Reader Comments (Page 1 of 1)
aj @ Jul 29th 2008 1:57AM
I wonder how much of an impact Chrono Trigger DS will have on DS sales?
I know for a fact there are a lot of old-timers who haven't picked up a video game in years who will probably have seizures when the news of CTDS gets out into the wild.
aliquis @ Jul 29th 2008 7:21AM
In sweden the ads only have New super mario bros, Mario kart and Nintendogs still ..
Sure Nintendo hates europe (and USA) and we get fewer titles and get them late, but wtf?
Yeah, those title may have sold best because two are well known and the last one was innovative but there exist better games than all of them and why do they want everyone to believe those are the only games which exist for the console?
Fucking retarded advertisers. Not weird if it sells like shit here.