TheSource on 25 July 2012
Nintendo beat his forecast for revenue by about 17b Yen (almost $220m)...the consensus forecast was dead on though.
Driving down "selling, general, and administrative" expenses - saved Nintendo like 13.5b Yen from last quarter, that's pretty impressive, it's a $175m / 28% expense reduction (and Nintendo only has like 4,000 employees, they essentially found a way to save over $40,000 per employee...) with revenue only down by 10%. If they continue reducing expenses they could out just profitable next quarter.
People are difficult to govern because they have too much knowledge.
When there are more laws, there are more criminals.
- Lao Tzu
