Feeds

Wii propels Nintendo sales to record heights

Raises forecast

Boost IT visibility and business value

The phenomenal success of Nintendo's Wii games console has helped the Japanese manufacturer to double its profits during the six months to the end of September. Nintendo said on Thursday that net profit reached 132.42bn yen ($1.2bn) for the first half of its latest fiscal year, up from 54.4bn yen for the same time last year. Group sales more than doubled to 694.8bn yen ($6.1bn) from 298.82bn yen last time around.

Earlier this year, Nintendo reported revenues of 966.5bn yen for its last fiscal year ending 31 March 2007, an increase of 90 per cent over the previous year. That resulted in operating profits of 226bn yen, an increase of 150 per cent on the previous year. Both figures were record highs for Nintendo.

Much of the firm's success is due to the popularity of the Wii console. Latest figures indicate that nearly 4 million Wii units were shipped in the last three months and Nintendo has shipped over 13 million since it was first launched in December 2006, making it the world's best selling next-generation console.

Nintendo doesn't expect sales to slow anytime soon, upping its forecast for the number of Wiis it expects to ship during its current fiscal year from 16.5 million to 17.5 million.

While the Wii is making the headlines, sales of Nintendo's portable DS console are also healthy. The company shipped 13.4 million DS consoles during the first six months of its current trading year, up 32 per cent on the same period a year ago.

Overall, Nintendo has sold 53.6 million DS consoles since launch and it expects to shipped 28 million units in the year ending 31 March 2008.

The latest results have led Nintendo to raise its profit forecast for the year to 275 billion yen ($2.4bn) up from the 245bn it estimated back in July. The company also expects that overall sales will rise 10 per cent to 1.55 trillion yen ($13.6bn).

© 2007 ENN

Build a business case: developing custom apps

More from The Register

next story
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
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.