Nintendo’s profits may have have gone down but the best part is that the stock is up. Nintendo has released its financial report in Tokyo. It has posted 19 percent fall in profit, must say a bad show because it was much below than the analyst’s earlier prediction. It may have resulted due to slowing down of GameCube and Game Boy’s advance sale. Analysts who have earlier predicted that the share price would go up by 20%, have realized in dismay that the shares actually fall by good eight percent in reality.
The glass however seems half-full because Nintendo believes that it can sell more than six million consoles by March.
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Nintendo aims to sell 6mn Wii console by March
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