Nintendo might be bullish about sales of the Wii and DS - even increasing its sales forecasts last week - but it appears that at least one money isn't.
Citigroup analyst, Soichiro Fukuda, has the following to say about sales of the two gaming devices, "While we think a big increase in earnings in FY3/09 is possible on the strength of the Wii and DS overseas, we think this will be the peak year for the DS and that it is now unreasonable to expect improvement in sales momentum for the Wii."
This has lead him to downgrade his - and Citigroup's - take on Ninty from a 'Buy' to a 'Hold'. This, of course, is largely the same as climbing on the financial fence and shifting buttocks slightly.
Before he goes, however, Clusterstock reports him talking Xbox 360 in the light of recent price cuts, saying, "We doubt the Xbox 360 price cut will seriously erode Wii sales volumes, as the consoles appeal to different users, but we feel it will be more difficult than before for the Wii to capture core users."
Citigroup analyst, Soichiro Fukuda, has the following to say about sales of the two gaming devices, "While we think a big increase in earnings in FY3/09 is possible on the strength of the Wii and DS overseas, we think this will be the peak year for the DS and that it is now unreasonable to expect improvement in sales momentum for the Wii."
This has lead him to downgrade his - and Citigroup's - take on Ninty from a 'Buy' to a 'Hold'. This, of course, is largely the same as climbing on the financial fence and shifting buttocks slightly.
Before he goes, however, Clusterstock reports him talking Xbox 360 in the light of recent price cuts, saying, "We doubt the Xbox 360 price cut will seriously erode Wii sales volumes, as the consoles appeal to different users, but we feel it will be more difficult than before for the Wii to capture core users."
Companies:
Nintendo
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Comments
David Gerard 4 Sep 2008 16:47
1/3
Microsoft Japan is already actually paying people to take the machines, with little success. "We hope more people will be able to enjoy Xbox 360," said marketing marketer Takashi Sensui, "and we can stop enjoying quite so many of them. We also have this fine pile of HD-DVD drives ... Wait! Come back!" http://notnews.today.com/?p=63
OptimusP 4 Sep 2008 18:40
2/3
Analysts have all lost their relevance completly when they thaught the PSP would completly trounce the DS on brand alone...how do these people keep their jobs?
jj 5 Sep 2008 10:44
3/3
I think Nintendo have a better chance of getting core games on its wii than microsoft do for there xbox 360.