Pachter finds Nintendo’s sales forecast too humble
Nintendo has raised its hardware and financial forecasts for fiscal 2008 after the company announced its impressive financial results for the first three quarters of fiscal 2008. However, Michael Pachter, videogame analyst at Wedbush Morgan Securities, believes that the forecasts are still very conservative. Pachter has raised his own fiscal sales estimates for Nintendo.
According to Next Gen, the big N posted impressive results for the first 9 months of fiscal 2008 on Thursday (Jan 24, 2008). Buoyed by the results, the company raised its sales expectations for fiscal 2008 to 1.63 trillion yen - a raise of 5.2%. The company also hopes to earn 275 billion yen during this fiscal, selling 18.5 million Wii’s and 29.5 million DS’ respectively.
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