Pachter: New Nintendo Handheld Possible During Fiscal Year

July 31st, 2008, 01:58 Posted By: wraggster

E3 was a bit of a bust when it came to any big revelations from Nintendo (other than the surprise sneak-announcement of the Wii MotionPlus), but that has not deterred Everyone's Favorite Analyst Michael Pachter from anticipating big things in the months ahead.

As per his note to investors:

"There is some possibility that Nintendo will launch a new handheld device during the fiscal year. If so, we expect upside to both our revenue and EPS estimates this year, and solid growth next year." --Michael Pachter

And, if it interests anyone, he has also noted that Nintendo's first-quarter operating results are "almost exactly in line with our estimates," and has "FY:09 guidance for all financial and operational metrics."

He adds that "Nintendo's recent financial performance has been spectacular and we expect this to continue in FY:09," and they are "establishing FY:10 estimates of ¥1,800 billion in revenue and ¥3,700 in EPS."

http://ds.kombo.com/article.php?artid=6396

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