Updated 3 hours ago

12768 products + 13412 members

Nintendo revises earnings forecast on huge Wii sales

Profit set to jump by well over 50 per cent as Nintendo dominates

August 31st 2008 | Tell us what you think [ 1 comments ]

mario

Wiiiiii - £10 billion in sales this year!

<>

Although it's not the usual time for financial reports, Nintendo announced over the weekend that it is upgrading its profit forecast on the back of massive predicted Wii sales.

The Kyoto firm said that the Wii is likely to sell 42 per cent more in fiscal 2008, which ends on 1 April 2009, than it did the previous year. That amounts to a staggering 26.5 million more consoles.

Software up too

What that amounts to in monetary terms is ¥2 trillion (£10 billion) in sales for the year and ¥410 billion (£2 billion) worth of pure profit. Part of the increase is due to currency fluctuations, but the profit prediction is a 59 per cent year-on-year jump.

On the software front, Nintendo says it expects to sell 186 million Wii titles and 197 million DS programs worldwide.

 

Your comments (1) Click to add a new comment

utherantioch


September 7th 2008

1. What's interesting is that these huge <a href="http://www.kiiwii.org">Wii sales figures</a> could see Nintendo overthrowing Sony as the number one make of gamers.

Alert a moderator

Tell us what you think

You need to Log in or register to post comments

By submitting this form you agree to our Terms of Use and so are legally responsible for anything you submit. DO NOT submit anything which may violate the Terms of Use or another person's rights including copyrighted or offensive materials.