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Pachter: Nintendo To Report $3.91b In Q1 Sales, Hasn't Abandoned Core

Gamasutra Reports: "Ahead of its second quarter financial results expected July 30th, Wedbush Morgan analyst Michael Pachter has predicted Nintendo will report sales above ¥421 billion ($3.91 billion) and raise yearly guidance to near ¥1,907 billion ($17.7 billion), adding that the company hasn't abandoned core gamers.

Pachter's estimates are above consensus estimates of ¥400 billion ($3.72 billion) for the quarter, and yearly guidance is above the company's own current guidance of ¥1,800 billion ($16.7 billion) and ¥325 billion ($3.02 billion) in profit, with more conservative estimates for software sold, especially in the U.S."

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SixTwoTwo3400d ago

Nintendo is pretty much just printing money now. Their next system will be insane graphically and wagglely.

3400d ago
jcgamer3400d ago

Now spend a little of that cash on a special new IP that appeals to the hardcore Nintendo fanbase, first and foremost...I KNOW Nintendo still has that midas touch... :)