Nintendo Doomed!

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Nintendo has updated their net profit figures. ‘Net income was about 82 billion yen ($760 million) for the year ended March 31, compared with 33.2 billion yen’ last year. Their original forcast for this year was 70 billion yen, so it looks like they did even better than they were expecting.

They also paid out a large sum of shares. When I first opened my trading account, I tried to buy Nintendo stock. However, to do foreign trading I had to have an account with a huge firm like Stanley Morgan, who requires some ridiculous amount upfront. Ah well, guess Ill buy some when Im out of school and rich!

source: Bloomberg