Nintendo profits up to $996 million thanks to the Wii and games
The revenue generating machine known as the Nintendo Wii keeps on chugging along as Nintendo announced fiscal first quarter profits surged 34 percent from the year-ago quarter. The company reported a profit of 107.27 billion yen (or $996 million U.S. dollars) during the quarter from April till June which was up from 80.25 billion yen last year.
The driving force behind the profits? The Nintendo Wii and associated game titles such as the new “Wii Fit” game. Nintendo sold 5.2 million Wii consoles worldwide during the quarter which was 1.7 million than a year ago. 3.4 million “Wii Fit” games and 6.4 million “Mario Kart Wii” games were sold. Overall, sales grew 24 percent to 423.38 billion yen (or $3.9 billion) for the quarter. Yes.. that is a revenue generating machine.. actually a profit generating machine!
Overall, Nintendo has now sold more than 29.6 million Wii consoles around the world. Compare that statistic to Sony which has sold around 14.4 million PS3s and Microsoft which has sold around 19 million Xbox 360 consoles and it’s clear that the Wii is the reigning next-gen console champ. (though Next Generation is loosely applied here in our opinion)
Going forward, Nintendo announced that they are planning to sell 25 million Wii consoles and 28 million Nintendo DS devices for the fiscal year ending next March (2009). Since we’re on the topic of the DS, Nintendo DS sales dipped somewhat for the quarter - dropping 40,000 to 6.94 million units sold. Total DS sales now total 77.54 million devices around the world.
Written by flung on July 30th, 2008 with no comments.
Read more articles on Nintendo Wii and Profits surge and nintendo.
