Nintendo beat expectations for the fiscal year ending last month. Reuters writes: “Japan’s Nintendo Co. said on Tuesday it likely beat its group net profit estimate for the business year ended last month by 27 percent, helped by robust sales of a portable game machine [DS] and foreign exchange gains.”
I guess business is good. If you’ve got great content (i.e. great games on the DS) the business model will take care of itself.
InvisibleMan
27%???
That’s HUGE, by any industry standards!! Especially in a year when retail numbers in general haven’t fared so well…
Is Nintendo overestimating?
Doughboy74
Here is the English translation for anyone that would like more info. “Infendo”
http://www.nintendo.co.jp/n10/news/060404e.pdf
popdem
you mean underestimating…?
vakerorokero
So that means Nintendo isn’t bankrupt and dropping out of the hardware business like a lot of industry experts and sony & microsoft fanboys said???