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Submitted by Cyrus365 1349d ago | news

Bloomberg: Square Enix Advances After Cosmo Upgrades Game Maker

Bloomberg writes: "Square Enix Co. rose in Tokyo trading after Cosmo Securities Co. lifted its rating on Japan's third- largest video-game maker to ''neutral plus.''

The shares added 60 yen, or 1.9 percent, to close at 3,210 yen on the Tokyo Stock Exchange, after advancing as much as 6 percent.

The company's Dragon Quest 9 title, released for the Nintendo DS portable game player in November, will produce 20 billion yen ($190 million) in revenue from 5 million units sold in Japan, Cosmo Securities analyst Takashi Oka wrote in a Japanese-language report dated yesterday.

''It's not surprising Dragon Quest 9 for the portable console sold twice as many units as a version for stationary game machines,'' Ota wrote." (Dragon Quest IX, Industry, Nintendo DS)

Credit url: gamesindustry.biz
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