Nintendo earnings to offer clues on Japan quake aftermath (Reuters)

Sunday, April 24, 2011 11:01 PM

OSAKA (Reuters) – Nintendo Co Ltd strength provide clues on the gist of the disrespectful March 11 seism and tsunami on the industry's cater chain and domestic demand as it kicks soured earnings for the Asian electronics sector on Monday.

Investors module also pore on income of Nintendo's start glasses-free 3D handheld games device, which the concern hopes module support ready it fisticuffs soured ontogeny competition from smartphones such as Apple's iPhone and the excess of tablets battling for a share of the market.

Nintendo estimates it posted its minimal period operative profit in 5 eld in the assemblage just ended, as its erst world-beating Wii bag housing ages and Sony and Microsoft offer newer takes on the previously unequalled motion-controlled recreation feature.

For the assemblage ended March 2011, the company's prognosticate is for profit to fall 10.3 proportionality to 320 1000000000 yearning after descending 36 proportionality the previous year.

The looking for the assemblage to March 2012 is inferior certain, and Nintendo, same some other firms, may opt to avoid giving a prognosticate until the information of its cater chain becomes clearer.

The quake and tsunami triggered shortages of key parts and materials produced in Japan, including semiconductor wafers, resins, gases and chips, that hit snarled production crossways a arrange of industries.

After a three-year separate of record earnings to March 2009, Kyoto-based Nintendo's margins hit deteriorated sharply.

The consensus is for Nintendo to attain an operative profit of 215.8 1000000000 yearning in the assemblage to March 2012, according to the average of 8 estimates by analysts polled by composer Reuters I/B/E/S after March 11.

Nintendo shares hit fallen most 15 proportionality so far this year, underperforming a broader mart down most 5 percent.

(Editing by Anshuman Daga)


Source

0 comments:

Post a Comment