Pachter: Nintendo to make more than $14.5 billion in 2008
Wedbush Morgan's Michael Pachter has made a career out of predicting what's going down in the gaming industry. His latest prediction sees Nintendo upping their financial forecast for this year, where he thinks the company will bring in more than its current 2008 projections for $14.5 billion in revenue. We imagine that's around how much it costs to build a Death Star.
"Nintendo's recent financial performance has been spectacular and we continue to believe its FY:08 guidance is conservative," said Pachter. He continued on to say "We believe that global DS sales were likely around 12 million units during the [third] quarter, and that global Wii sales were around 7 million, placing the company on track to exceed guidance for the fiscal year,"
