Nintendo raking it in, reports 34% increase in profits

Posted Jul 30, 2008 at 9:57AM by QJ Staff Listed in: Wii, Nintendo DS Tags:
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Nintendo Wii and DS video game news - Image 1 


Someday there has to come a point when everyone in the world has a Wii and a DS. It just doesn't look like it's anytime soon. According to the latest financial report from Nintendo, they have once again raked in an insane amount of moolah.

You remember how last year, they reported a JPÂ¥ 80.3 billion profit for their first quarter (about US$ 668 million at that time)? Well they actually managed to raise that number to JPÂ¥ 107.2 billion (US$ 990 million), up 34% from last year. Nintendo expects a 26.3% increase in income by March next year.

Hardware sales for the Wii console reached 5.17 million worldwide, which brings the total number of Wii sales since its release up to 29.62 million. Hardware sales for the DS handheld for the same period reached 6.94 million, bringing the total number of DS sales to 77.54 million.



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Via Nintendo

 
 
 

Comments [refresh]

by Mister Common Sense - 2008-07-30 05:45
» that's sad....

The only people that are going to get raises are the CEOs.



Oh well, they're getting rewarded for doing the opposite of what their OLD fanbase wants.

by Xastabus - 2008-07-30 06:43
» Figures...

You would be the first to post ignorant nonsense about Nintendo.



What does the "OLD fanbase" want anyway? They seem to be doing a fine job to me.

by Mister Commune Ist - 2008-07-30 09:58
» You're sad

I beg to differ. My stock has more than doubled since the Wii came out. Smart people knew to invest. Looks like you missed an opportunity. Pity.



And about your other BS: Child, I AM their old fanbase and they are doing exactly what we want - Giving us old AND new classics.



Sony is the one that is flaking out on us. MGS 4 is the best game for the system? Really? A game that I beat in 5 hours? That's the best they can come out with? Oh well.



At least Microsoft is trying. I just wish they would release some games on XBL that don't suck.

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