Michael Pachter: Wii 2 delay is hurting Nintendo

[Sempuukyaku]

ramses01 said:

Cheebee said:

Galaki said:

Cheebee said:
Oh noez! Wii has been out for 3 years already, and Nintendo hasn't even announced a successor yet! And they've only posted a measly $2,430,000,000.00 in profits the past year! They're d0med!!

I think it was $2.95B

 

Nintendo Profit Falls to $2.4b in FY 3/2010, Gives FY 3/2011 Fcst

'For the year ending March 2010, Nintendo had revenues of 1.43 trillion Yen ($15.2 billion), down 22% from the previous fiscal year. Net income (profit) fell to 228.6 billion Yen ($2.43 billion) down 18% from 279.1 billion Yen ($2.97 billion) in the previous fiscal year.'

In case the fanboys can't understand it, from an investor's standpoint, i.e. pach's standpoint, the results shown above have to be extremely disappointing.

Extremely disappointing? If that's the case Nintendo's stock would've fallen SIGNIFICANTLY. NTDOY started the day at 40.5 and dipped to 39.80. Hardly the disappointing results you speak of. Especially considering the fact that this is the first profit drop in 6 years.