Nintendo raises Wii, DS sales forecasts

Nintendo has raised its full-year profits forecast by 20 per cent, expecting net income to climb to 120 billion yen (EUR 774.9 million) for the year ending March 31st 2007.

The company raised forecasts for the DS, expecting sales of the handheld to rise 15 per cent to 23 million units, with software growing by 22 per cent, to reach 100 million games sold.

Targets for Wii software have also been raised, with Nintendo expecting to reach 21 million games for its new home console, compared to an earlier estimate of 17 million.

Hardware forecasts for Wii consoles remain at the previous target of six million units.

Nintendo now expects 900 billion yen (EUR 5.8 billion) in sales this year, compared to a forecast of 509 billion yen (EUR 3.2 billion) in October.