wraggster
October 20th, 2009, 10:20
Bloomberg predicts that platform holder may have to cut its profit forecast for the first time in six years
Falling sales of the Wii and the decreasing value of the yen could force Nintendo to lower its profit forecasts for the first time in six years – that’s the warning from US news agency Bloomberg.
The predictions are that the platform holder’s net income is set to fall by around 11 per cent to $2.7bn.
“Nintendo may cut its profit projection about 30 per cent because of sluggish sales in the first half, the price cut for the Wii and currency-related impact,” Deutsche Bank AG analyst Satoru Kikuchi explained.
“Investors are expecting the company to fully reflect its business environment in its forecast.”
http://www.mcvuk.com/news/36183/Nintendo-profits-under-threat
Falling sales of the Wii and the decreasing value of the yen could force Nintendo to lower its profit forecasts for the first time in six years – that’s the warning from US news agency Bloomberg.
The predictions are that the platform holder’s net income is set to fall by around 11 per cent to $2.7bn.
“Nintendo may cut its profit projection about 30 per cent because of sluggish sales in the first half, the price cut for the Wii and currency-related impact,” Deutsche Bank AG analyst Satoru Kikuchi explained.
“Investors are expecting the company to fully reflect its business environment in its forecast.”
http://www.mcvuk.com/news/36183/Nintendo-profits-under-threat