Feeds

Nintendo profit up 14.4%

Ups US shipments

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

Nintendo today said it is increasing the number of GameCube consoles it hopes to ship after reporting first-half year-on-year profit growth of 14 per cent.

For the six months to 30 September, Nintendo made ¥34.3 billion ($278 million) - ¥242.47 a share - on sales of ¥225.7 billion, an increase of 18 per cent on the same period last year.

Looking ahead, Nintendo expects to turn in a profit of ¥80 billion on sales of ¥580 billion for the year to 31 March 2002. That forecast matches the company's past guidance. However, it increased its operating profit prediction to ¥130 billion on the back of reduced component costs.

How does the company account for the ¥50 billion difference between operating profit and income? Marketing its console against Sony and Microsoft, that's what.

And having shipped 700,000 GameCubes in the US this past weekend, Nintendo said it will boost production by a further 200,000 units by the end of the year, raising its US sales target for 2001 to 1.3 million consoles. ®

Related Stories

GameCube launches (in US)
Xbox lands

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.