Nintendo raises profit projections as first-quarter sales surge
Nintendo plans to ship millions more Wii and DS hardware/software units than expected following huge sales growth.
Nintendo has increased shipment forecasts for Nintendo Wii and DS by millions of units each after its consolidated first-quarter results saw massive growth in sales.
Net income rose to 80.3 billion yen (GBP 325 million) from 15.5 billion yen in the comparable period last year.
The company raised its full-year net income projection to 245 billion yen (GBP 993 million) - a leap of 40 percent.
Nintendo now expects to ship 16.5 million Wii consoles (up from 14 million) for the fiscal year ending March 31st, 2008, while DS supply is being increased to 26 million from 22 million.
The pattern is also reflected in software supply, with Nintendo increasing the Wii software unit forecast to 72m from 55m and DS software to 140 million from 130 million.
Worldwide Wii sales have reached 9.27 million units as of the end of June 2007, the company said, while DS sales (including DS Lite) are at 47.27 million.
The company attributed the revisions to "robust sales of Wii and Nintendo DS".
Nintendo's plans for the rest of 2007 include the launch of highly anticipated Metroid and Mario titles for Wii, while a new Mario Kart title and Wii Fit are likely to arrive within its financial year.