http://www.gaming-age.com/cgi-bin/news/news2.pl?y=2001&m=6&nid=5-19.db"In a new research report recently released, the Investment firm of Merrill Lynch has raised their rating on Nintendo from Accumulate to Buy. The reason for the upgrade is a more favorable outlook for the GAMECUBE as well as a positive outlook for the Game Boy Advance.
Based on these favorable developments, Merrill has raised its expectations of GAMECUBE shipments. Previously, they had expected a bearish 1 million units to be sold in Nintendo’s fiscal year ending March 2002, with half in the US and half in Japan. However, ML says that Nintendo has indicated to them that US distributors have already requested 4 million machines, which is equal to Nintendo’s shipment volume forecast. For the next fiscal year, shipments are expected to reach 10.3 million units, 2.5M in Japan, 5M in the US, and 2.8M in Europe). This strong outlook is due to robust demand in the US and Japan, the start of sales in Europe, and the expansion of volumes on the production of the Flipper chip to 1M a month from 600,000 a month. Cumulative shipments are expected to reach 34.8 million by the fiscal year ending March 2005, with about 25% for Japan and the rest overseas. "
Didn\'t the N64 sell 35 million units over 5 years?