Nintendo’s world-beating Wii game console helped the company boost profits by 96.3% in the last 9 months, and led the company to raise its full-year revenue forecast by 5%. The rising Yen/slumping dollar kept Nintendo from boosting its profit goals, though.
The Wii continues to be the success story of the current video game cycle: Nintendo has sold 20 million of the (relatively) cheap machines, 14 million of those in the last 3 quarters. It continues to spank competition from Microsoft and Sony’s feature-laden game consoles that retail for much more, and Nintendo plans on selling at least another 4 million Wiis in the next quarter. The only real critique of the company: Supply problems kept it from selling many more machines over the last year.
NPD Group says that U.S. game and software sales hit $17.9 billion last year, up 43% from 2006.
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