Nintendo Will Bounce Back in 2010
Following a disappointing quarterly report card from gaming giant Nintendo , Hiroshi Kamide, gaming and software analyst at KBC Securities, believes the firm will do better next year.
"The outlook for next year is actually looking much better than before," Kamide said on CNBC's Asia Squawk Box.
"In the short term, sentiment is rightly rather negative, but looking at this company's track record, I think it will be sensible to assume that going forward, there will be new product rollouts," he said.
One key problem they've had this year is that there has been a dearth of hit titles, Kamide noted.
Nintendo's operating profit plunged 52 percent to 64 billion yen ($709 million), below expectations for a 90 billion yen profit.
The Japanese video game manufacturer also slashed its full-year forecast, due to easing demand as rivals Sony and Microsoft ramp-up their catalogue of games. It slashed its annual sales forecast for the Wii by nearly a quarter, and said it would roll out a version of the DS with a larger screen.
"I think it's fair to say things aren't going to be really like last year at all," Kamide said. "Big titles are expected to be released in the second half of next year."
"For the medium term...we have a a bit more comfort over what their prospects are going to be in the next year."
Nintendo shares tumbled 4.9 percent on Friday.