Thursday, October 25, 2007

Nintendo continues to print money.... many many many of them


Nintendo upgraded their full financial year operating profit forecast for the year to March to 420 billion yen. The first half year profit is 188.8 billion yen. For those who don't understand yen, that's lots and lots of money.

Nintendo has also upgraded their Wii forecast from 16.5 to 17.5 million units, and globe sales of software to 97 million units. Its stock rose to 66,400 yen (AUD$644 a share). It revised its annual net profit forecast to 275 billion yen, 58% higher than last year.

Looks like the Wii and the DS is still taking over the world.

Source: Reuters

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