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

Maximizing your infrastructure through virtualization

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
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
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
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.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
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.
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.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.