Vinniegambini on 07 January 2013
| OceanJ said: Well, I know there are a few Nintendo investors on these forums as I've heard from several on other threads. I still think Nintendo will turn in a profitable Q3: - They've sold way to many 3DS's and 3DS games - The Yen has weakened in their favor during the biggest sales period of the year - With fairly strong Wii U sales by units sold and Wii U games at 5 million + for the quarter, this has begun to chip away at the manufacturing & sales expenses of the new console...even if it's not profitable yet, we'll see :( - And you have to be happy with the Wii software sales for Q3...Just Dance 4, etc...they've already surpassed sales projections for the year for Wii game sales - Same goes for the DS line of products I just can't see any scenario where Q3 doesn't turn in a sizable profit for Nintendo, lending itself to a return to Annual profitability after losing money in 2011. My hope is this will give a small boost to the stock-price to around $14/share, but then I'm most likely getting out. There's the gamer and investor in me - the gamer says, I love Nintendo, the investor says - I've lost all trust in Nintendo management, and I've lost faith in your ability to meet the expectations you set for yourself and with the public. |
Yup pretty much my thoughts exactly. I'm really disappointed.
According to Iwata via Reuteurs, Nintendo will be profitable by year-end so I expect Q3 to offset the losses inccurred during Q1+Q2
http://www.reuters.com/article/2013/01/07/us-nintendo-console-sales-idUSBRE90605420130107
