Analyst says Wii offers “incremental revenue opportunity”
It’s been called everything from a joke to two GameCubes held together by duct tape, but the Wii is still showing a lot of good numbers for Nintendo. Not only that, Nintendo’s next gen video games console has also pulled up the numbers for other companies. One of these is Wiimote motion sensor manufacturer Analog Devices, Inc.
Michael McConnell, an analyst at Pacific Crest Securities, raised 2007 and 2008 estimates for Analog Devices yesterday due to “stronger-than-expected bookings.” One of the reasons for this is Nintendo and the success of their Wii console. Seeking Alpha reports that according to McConnell, the Wii offers “an incremental revenue opportunity” of US$ 88 million this year and US$ 75 million next year.
McConnell also notes that Evan Wilson, a colleague of his who covers the gaming market, sees 16 million Wii units built in 2007, and 15 million in 2008. The smaller number for next year reflects expectations for lower-cost versions of both the Microsoft Xbox 360 and the Sony PS3.
Via Seeking Alpha
It’s been called everything from a joke to two GameCubes held together by duct tape, but the Wii is still showing a lot of good numbers for Nintendo. Not only that, Nintendo’s next gen video games console has also pulled up the numbers for other companies. One of these is Wiimote motion sensor manufacturer Analog Devices, Inc.
Michael McConnell, an analyst at Pacific Crest Securities, raised 2007 and 2008 estimates for Analog Devices yesterday due to “stronger-than-expected bookings.” One of the reasons for this is Nintendo and the success of their Wii console. Seeking Alpha reports that according to McConnell, the Wii offers “an incremental revenue opportunity” of US$ 88 million this year and US$ 75 million next year.
McConnell also notes that Evan Wilson, a colleague of his who covers the gaming market, sees 16 million Wii units built in 2007, and 15 million in 2008. The smaller number for next year reflects expectations for lower-cost versions of both the Microsoft Xbox 360 and the Sony PS3.
Via Seeking Alpha
About The Author
