Pachter: Nintendo to make more than $14.5 billion in 2008

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Pachter: Nintendo to make more than $14.5 billion in 2008

Posted Jan 22nd 2008 2:15PM by David Hinkle
Filed under: News

Wedbush Morgan's Michael Pachter has made a career out of predicting what's going down in the gaming industry. His latest prediction sees Nintendo upping their financial forecast for this year, where he thinks the company will bring in more than its current 2008 projections for $14.5 billion in revenue. We imagine that's around how much it costs to build a Death Star.

"Nintendo's recent financial performance has been spectacular and we continue to believe its FY:08 guidance is conservative," said Pachter. He continued on to say "We believe that global DS sales were likely around 12 million units during the [third] quarter, and that global Wii sales were around 7 million, placing the company on track to exceed guidance for the fiscal year,"

Tags: business, michael-pachter, revenue, sales, salesfigures

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Reader Comments (Page 1 of 1)

1-22-2008 @ 5:16PM

hvnlysoldr said...

It prints money.

1-22-2008 @ 6:41PM

Brello said...

Over $14.5 billion? Yes, that is the correct amount of cash to produce New Super Mario World. Do it already!

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