Feeds

Nintendo profit up 14.4%

Ups US shipments

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

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

Providing a secure and efficient Helpdesk

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.