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Sales forecasts exceeded for the Nintendo Wii and the Nintendo DS

According to Bloomberg, Nintendo has raised its full-year profit forecast by 26 percent resulting in a surge in their share price. Better than expected sales of the Nintendo Wii and Nintendo DS console is the primary contributing factor.

As of August 29th Nintendo shares gained 8.4 percent to close at 51,800 yen (481 USD) on the Osaka Stock Exchange, the most since November 14. Net income climbed 59 percent to 410 billion yen ($3.8 billion USD) in the year ending March 31. The forecast exceeded the 382.6 billion yen (3.5 billion USD) median of 23 analyst estimates compiled by Bloomberg.

The stock has tripled since Satoru Iwata, replaced Hiroshi Yamauchi as president in 2002. Nintendo is now valued at $67 billion USD, 72 percent more than Sony's market capitalization, according to data compiled by Bloomberg. The Wii overtook Microsoft Corp.'s Xbox 360 in June as the leading game player in U.S. homes among the current generation of consoles according to research company NPD Group Inc. Sales of Nintendo's machine have surpassed the Xbox 360 and PS3 every month but one since it went on sale, according to NPD.

Sales of the Nintendo Wii console are expected to rise 42 percent this year and projections of a drop in Nintendo DS sales have been reversed. Nintendo said that sales of the Nintendo Wii will climb to 26.5 million players this year, exceeding the July forecast for 25 million. Sales of software for the console will also increase 56 percent to 186 million units. Nintendo also said it will most likely sell 30.5 million Nintendo DS players, 8.9 percent higher than its July estimate of 28 million. Sales of software titles are estimated to climb 6.1 percent to 197 million units.

In comparison Sony forecasts it will sell 10 million PlayStation 3 consoles and 15 million PlayStation Portable devices in the year ending March 31.


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With all this device convergence
By SilthDraeth on 9/1/2008 11:37:03 AM , Rating: 2
And the way the Japanese are integrating everything into their phones, I would like to see a future version of the DS offer an improved DS with cellular functionality, a built in web browser that is flash capable and upgradeable. Keep the wi-fi and add a skype like application as well.




RE: With all this device convergence
By Flunk on 9/1/2008 12:27:23 PM , Rating: 3
Nokia tried to market a product like that, it was called the nGage and it failed miserably. I don't think Nintendo wants to risk repeating that fiasco.


RE: With all this device convergence
By jkresh on 9/1/2008 2:09:21 PM , Rating: 1
I think Nintendo could do a much better job, the ngage was a crappy phone and video game device (you had to remove the battery/cover on the original to swap game cartridges) and it did not have the "Nintendo" name behind it (most non Nintendo hand helds fail (besides the psp)). With apple showing games on the iphone I suspect Nintendo and Sony will have to counter with game phones at some point.


By xsilver on 9/1/2008 8:08:39 PM , Rating: 2
exactly - if nintendo integrate a sim slot in the DS and make the interface no fuss and more importantly no cost increase I think it will do well. You wont be forced to use it but some parents will then have the ability to have their kids only carry their DS and have one less thing to lose.


By Pudro on 9/2/2008 1:00:11 AM , Rating: 2
When the first version of a "gaming" phone requires the battery to be removed to change games, and sports the now infamous "side-talking", and uses a vertical screen, it is just asking to fail.

Comparing a possible "cell phone" DS to the nGage is ridiculous.


By The0ne on 9/2/2008 1:08:41 PM , Rating: 2
And that's in Japan. It won't work here in the States or even in China and India as the market demand (don't think there's even any demand yet) isn't there. But if they implement the features to cater to their market then those features could possible make it over, whether use or not :)


Should have bought stocks
By Nyu on 9/1/2008 9:17:33 AM , Rating: 3
Wish I had bought stocks back then before the Wii launch. A friend invested $25k, now his shares are around $150k




RE: Should have bought stocks
By mmntech on 9/1/2008 10:20:08 AM , Rating: 2
I wish I had invested in oil before Katrina. lol

I remember back when we first heard about the Wii, we all knew it was going to be revolutionary. However, when we heard it didn't have HD graphics, a lot of people thought it would fall flat. I guess they've been proven wrong. It must be hugely popular in the Toronto area because I have yet to see one just sitting on a store shelf, nearly two years after launch. There's something to be said about making gaming accessible.


RE: Should have bought stocks
By MonkeyPaw on 9/1/2008 11:17:58 AM , Rating: 1
quote:
Wish I had bought stocks back then before the Wii launch. A friend invested $25k, now his shares are around $150k


Yeah, it's easy to look back and say "I wish I had." Problem is, it's just as easy to look back and say "I wish I hadn't." Why did you not listen to your rich friend, or does he take a lot of chances in the market?


By Alexstarfire on 9/1/2008 5:30:39 PM , Rating: 3
Yep... too late to jump on the bandwagon now. If I'd have had money back then I would have. But I don't think $10 in Nintendo stocks would help very much. It's the same reason I didn't get Google stock when it first opened.

DAMN BEING A STUDENT. Too damn broke to do any investments.


NTDOY
By I own Nintendo Stock on 9/2/2008 4:08:18 AM , Rating: 2
I own some nintendo stock. I didn't get it at such a low price, but 40% gain in a year is still pretty good. Yea, I'm a graduate student, but I keep it in my IRA.




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