Michael Pachter on Nintendo: USD 5.26 billion in 3Q, USD 14.5 billion in 2008

At this moment, Nintendo seems to be raking in quite a bit of money. Wedbush Morgan analyst Michael Pachter believes that this trend will continue all the way to the 2008 Fiscal Year. He said that the company will report sales of US$ 5.28 billion in its 3rd quarter report this January 24 and expects the company to increase its sales guidance to US$ 14.5 billion dollars in the fiscal year of 2008.

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Wedbush Morgan analyst Michael Pachter has predicted that Nintendo will report sales of US$ 5.28 billion in its 3rd quarter report this January 24. In addition, he also mentioned that he expects the company to raise its sales guidance to US$ 14.5 billion dollars in the fiscal year of 2008.

In making these predictions, Pachter pointed out that the company sold 13 million Wiis and 54 million DS units through September right before the holiday season last year. He added that they estimated global DS sales during the third quarter at around 12 million and Wii global sales at around 7 million units.

Pachter is expecting this trend to continue in the year 2008. He noted that the current estimates of Nintendo were too conservative and that he believes that the company will be making US$ 14.5 billion dollars this year. According to Pachter, “Nintendo’s recent financial performance has been spectacular and we continue to believe its FY:08 guidance is conservative.”

Things have been going really well for Nintendo. However, we’re going to have to wait and see if Pachter’s predictions hold true. After all, a lot can happen in the span of a year.

Via Gamasutra