Nintendo rebounds as optimistic signs emerge after a brutal year [MSN Money]
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Source: MSN Money
Nintendo Rebounds as Optimistic Signs Emerge After a Brutal Year © Bloomberg The possibility of price cuts for the machine, an improving software pipeline and the upcoming launch of Nintdo’s biggt mobile game in two years are all boosting confidce. That’s helped to fuel a perct stock jump since a December low, following a peak-to-trough slump of perct in 08. Load Error It’s not that Nintdo has suddly solved its biggt challge: expanding Switch’s user base. But concerns over last year’s missteps — fewer game releas, the flop of cardboard toy accsory Nintdo Labo, and falling short of its goal for Switch shipmts — are fading away. With software sal for the last three months of 08 showing strgth, profits should stand up dpite weaker hardware revue wh Nintdo reports rults on Jan. , according to Pelham Smithers, who runs Pelham Smithers Associat Ltd. in London. “We favor the stock now,” Smithers said. “I have a real problem thinking where the disappointmt will come from this year.” He’s no
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