Analyst: Nintendo To Sell Big in Q3
“We expect the company to report results close to our estimate for revenue of ¥789 billion, but ¥100 – 150/share below our EPS estimate of ¥1,033. We think that results were driven by strong hardware sales. Nintendo’s recent operating performance has been spectacular and we expect this to continue in FY:10.” – Wedbush Morgan analyst, Michael Pachter
Is Nintendo recession proof? It seems like Nintendo is the only company in the word that is not feeling the binds of the recession. Or are they? Could Nintendo be doing better if the world wasn’t falling into a recession? Something to think about.