Pachter: Nintendo financial earnings greater than expected
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.
