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Bloomberg: Square Enix Advances After Cosmo Upgrades Game Maker

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Bloomberg writes: "Square Enix Co. rose in Tokyo trading after Cosmo Securities Co. lifted its rating on Japan's third- largest video-game maker to ''neutral plus.''

The shares added 60 yen, or 1.9 percent, to close at 3,210 yen on the Tokyo Stock Exchange, after advancing as much as 6 percent.

The company's Dragon Quest 9 title, released for the Nintendo DS portable game player in November, will produce 20 billion yen ($190 million) in revenue from 5 million units sold in Japan, Cosmo Securities analyst Takashi Oka wrote in a Japanese-language report dated yesterday.

''It's not surprising Dragon Quest 9 for the portable console sold twice as many units as a version for stationary game machines,'' Ota wrote."
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bloomberg.com

[via gamesindustry.biz]
Alternative Sources:
Dragon Quest IX lifts Squar... - gamesindustry.biz | By: Catastrophe
Cyrus365 - contributor
Published: 581 days 22 hours ago | News | Nintendo DS | Industry News
 
 

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