Nintendo raises financial forecasts to $ 8.1 billion |
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Thanks to the sales performance of the Nintendo DS and Nintendo Wii, the Japanese company recently announced that they are raising their financial forecast across the board for the fiscal year ended March 31. From the original financial forecast of 900 billion yen, they are bumping that up to 966 billion yen (or US$ 8.1 billion).Specifically, the reason for this according to a press release, is the "robust trends in sales of the Nintendo DS' software and hardware". If you could recall, the handheld raked in 485,000 sold units during February, according to NPD's data. On the other hand, amidst the stock problems for the Nintendo Wii, the console managed to rack up a 335,000 sales figure last February.
According to Nintendo spokesman Yasuhiro Minagawa who spoke with Reuters, "merchandise does not move in the January-March quarter--that is the norm in this industry...But ours somehow did". That's enough reason for Ninty to raise financial forecasts, right?
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