Kamide quantifies “something big has gone wrong” at Nintendo remark

By Patrick Garratt, Friday, 30 January 2009 07:03 GMT


KBC Financial Products analyst Hiroshi Kamide has clarified a comment he made yesterday in which he said “something big has gone wrong” at Nintendo.

Kamide made the remark in light of a 33 percent drop in yearly profit expectation from the Kyoto firm.

“It’s big in the respect that Wii demand is not being seen at all in Japan, and that they felt they had to reduce annual guidance,” the analyst told Kotaku.

“Why didn’t they just pre-plan and cater to markets where there was demand (or heaven forbid they have enough supply perhaps)?”

Nintendo reduced its estimated full-year profits yesterday with the release of third quarter financials.

Kamide said the move signalled a tough time for the company in the fourth quarter, where margins would be squeezed harder than Nintendo had experienced in the past three years.

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