Our thesis is that the hardware cycle has peaked and that the share price will head lower in tandem with the dwindling top line
Boomeranged on Thu, 3 Aug 2023 15:52
NEW: 1Q operating profit at Y185bn (+82% YoY) and above street forecast of Y144b. The key difference is likely royalty income from the Mario Movie and bte unit sales of new Zelda game. Of the ~Y100b yoy improvement in gross profit, I estimate that the movie/zelda account for ~Y20b/80b. No change to full year OP guidance.
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