Analysts seem to be very happy that Nintendo is making the step to mobile, since they almost unanimously agree that it will earn the company a lot of money. Not only that, but they also say that the weakness of the Yen enabled them to get a stronger financial position.
Makoto Kikuchi, chief executive officer of Myojo Asset Management Co. said:
“The impact from the yen was even more than expected, helping the company beat market consensus. They need to move quickly to decide on new leadership that can set a clear direction for the company going forward.”
About the mobile prospects, Eiji Maeda, an analyst at SMBC Nikko Securities Inc. had this to say:
“Everyone seems to be pricing in a smartphone success story for Nintendo.”
His opinions are joined by Atul Goyal, an analyst at Jefferies Group LLC, who said:
“The turnaround will happen after Nintendo has launched its first smartphone game. From here onwards, it is well positioned to regain previous highs in profits and the stock price, if it executes half as well as it’s capable of.”
Do you also think that mobile games will be a big success for the Big N? Let us know in the comments below!