Nintendo has raised its sales and profit forecast for a fourth for the business year just closed. The forecast has resulted in another climb for its share prices.
The increase is attributed primarily to strong demand for the DS, which just hit the 3 million sales mark in the UK alone.
Nintendo said that its sales totalled somewhere in the region of 966 billion yen (£4.12 billion) for the financial year that ended March 31st. That's up from 900 billion yen (£3.8 billion), the company's last forecast.
Nintendo's actual profit figures will be published on April 26th, but it has said that it expects an exchange rate related profit of 20 billion yen (£85 million), up from a previously forecast loss of 10 billion yen (£42.5million).
Nintendo's continued financial success is in stark contrast to those of Sony's games division. The company reported hefty losses thanks to the under-performance of the PSP and losses taken on the PS3.
The increase is attributed primarily to strong demand for the DS, which just hit the 3 million sales mark in the UK alone.
Nintendo said that its sales totalled somewhere in the region of 966 billion yen (£4.12 billion) for the financial year that ended March 31st. That's up from 900 billion yen (£3.8 billion), the company's last forecast.
Nintendo's actual profit figures will be published on April 26th, but it has said that it expects an exchange rate related profit of 20 billion yen (£85 million), up from a previously forecast loss of 10 billion yen (£42.5million).
Nintendo's continued financial success is in stark contrast to those of Sony's games division. The company reported hefty losses thanks to the under-performance of the PSP and losses taken on the PS3.
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Comments
Smelly 7 Apr 2007 17:41
1/1
Nintendo are T'Doomed!!!!!