A representative from Deutsche Bank has predicted that Nintendos financial stock performance has peaked and will soon drop in price. The analyst- Satoru Kikuchi, whom we assume wears a boring grey suit and probably doesnt even own a DS, expects profits to decline in 2010 and continue to drop for another two years. Kikuchi recognized the enormous success that both the Wii and DS have brought Nintendo in recent years, but doubted that the company could maintain the momentum, unless they come up with new blockbuster platforms. The analysts comments come on the heels of a recent hardware sales downturn in Japan.
Source: GamesIndustry.biz
Nintendo profits expected to drop
A representative from Deutsche Bank has predicted that Nintendos financial stock performance has peaked and will soon drop in price. The analyst- Satoru Kikuchi, whom we assume wears a boring grey suit and probably doesnt even own a DS, expects profit...
This article is more than 17 years old.
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