Super Mario is Recession-Proof
Nintendo (NTDOY) says it expects stronger-than-expected sales of Wii and DS game players will boost net income $3.8 billion, or about 59%, for the year ending March 31.
Economic slump? What economic slump? Cars, gasoline, houses or food - bah! It appears video games trump all in many household budgets.
Nintendo appears ready to pass Sony (SNE) as the world’s largest maker of game players for the first time in about 13 years.
I’m pretty sure that Nintendo has already passed Sony as “the world’s largest maker of game players”. Other than that I couldn’t agree more.
Read the full article here.
-Justin
