I can’t imagine Nintendo will beat its earnings targets this year,” said Naoki Fujiwara, who helps oversee about $6.1 billion as chief fund manager at Tokyo-based Shinkin Asset Management Co. “As most of the sure-sell titles have already been released, I can’t see any possible hit game that can turn the situation around.”
This is the quote which troubles me the most. How does a fund manager know what software that Nintendo has in store and what is a "sure sell" title. Wii Sports Resort and a new Zelda DS title are coming out this year -- that we know about. Most people also expect some big annoucements later in the year.
What this is all about is that Nintendo has been hurt worse than people expected by the global economic slowdown and the high value of the yen. So it is being very conservative in its predictions going forward. Meanwhile, analysts predicted X and it ended up Y. This shows that stock analysts are as reliable as video game analysts (they are all like Patcher).
For example, oil reserves increased less than expected yesterday, so the price of oil spiked by 5%.
Makes you wonder about the free market.
Mike from Morgantown
 I am Mario.I like to jump around, and would lead a fairly serene and aimless existence if it weren't for my friends always getting into trouble. I love to help out, even when it puts me at risk. I seem to make friends with people who just can't stay out of trouble. Wii Friend Code: 1624 6601 1126 1492 NNID: Mike_INTV |
