Nintendo Forecasts: What downturn?Kenji Hall
In April, analysts were down on Nintendo because the company appeared to be losing steam. For one, Nintendo’s financial forecasts suggested that, this year, the company would not match the stellar growth of the past couple of years. Was it the credit crunch and the spectre of an economic downturn? Was the portable Nintendo DS console in need of a makeover? Was the novelty of the Wii’s motion-sensing controller that had won over so many non-gamers and game programmers tapering off?
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