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Lazard Capital

Analysts: 3DS shifted 500,000 units on five days, but sales have dropped

Analysts have predicted that 500,000 3DS consoles were sold in the handhelds first five days on sale in the US, but also that sales have dropped off markedly.

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Lazard Capital headlines

  • Sebastian slashes Q3 EA estimate, says more cost cuts to come

    Lazard Capital’s Colin Sebastian’s significantly dropped his outlook on EA, saying several holiday franchises are tracking lowere than expected and that more cost-cutting is likely to be announced in the coming quarters. “Specifically,” he said in a note this afternoon, “we believe several EA titles are tracking below plan at retail this holiday, including Need […]

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  • Decline in Wii sales possible in July, "enhancements" to PSP and DS this year, says analyst

    It’s NPD week! Lazard Capital’s Colin Sebastian just issued a note saying the firm expects Wii sales to have dropped in the US last month, although the doomsayer may have to wait for their “I told you so” moment for a while yet. “We believe a sequential decline in Wii sales is possible in July, […]

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  • Lazard Cap drops price target on EA

    Lazard Capital’s Colin Sebastian has dropped his price target on EA from $58 to $55. “While we continue to believe that EA will ultimately benefit from improving execution and better product momentum in 2HF2009, we believe ongoing margin pressures and lack of R&D leverage limit near-term upside in the shares,” said the analyst in a […]

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  • Analysts raise expectations on "powerhouse" ActiBlizz

    Buy buy buy. Wedbush Morgan’s Michael Pachter just raised his rating on Activision from buy to strong buy ahead of an expected approval of the firm’s merger with Vivendi on July 8. The analyst issued a first target for the 12 months ending Dec 2009 of revenue at $5.26 billion and pro forma EPS of […]

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  • Sebastian: No PS3 price cut this year

    Lazard Capital’s Colin Sebastian said this morning that while he expects a 360 price drop this year in the $50 region, a PS3 cut is not expected. “We continue to expect Xbox 360 price cuts this year (~$50 reduction), while Sony appears content to focus on achieving PlayStation profitability at the current PS3 price points,” […]

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  • Sebastian: Expect Take-Two buyout news on Monday

    Lazard Capital’s Colin Sebastian just issued a note on last night’s EA financials saying that news on the company’s proposed buyout of Take-Two can be expected next Monday. “Expect update on TTWO bid by Monday morning,” he said. “We continue to believe that the current offer of $25.74 per share would be accretive to earnings […]

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  • Sebastian predicts 35% increase in US sales for March

    Lazard Capital’s Colin Sebastian has predicted a 35 percent increase in March US sales year-on-year ahead of tomorrow’s NPD data. “We estimate video game software sales increased 35%+ in March. NPD is scheduled to release video game sell-through data tomorrow afternoon,” he said in a research note. “Based on our retail and industry checks, we […]

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  • March NPD data to show 35% growth for March, says analyst

    Lazard Capital’s Colin Sebastian just published a note saying he expects next week’s March NDP data to show a heavy sales rise for the month. “We estimate 35 percent growth in March software data,” he said. “Next week, NPD is scheduled to release industry sell-through data for the month of March. We believe software sales […]

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