Nintendo Reports Record Profits
Things are looking good for the house that Mario built.
by
Micah Seff
January 25, 2007 - Today, Nintendo release its Q3 earnings report, and as expected, the company is kicking major amounts of ass. Due to the massive sales of the Nintendo DS hardware and software, as well as the strong launch showing for the Wii, Nintendo has reported record consolidated sales and profits for the nine-month period ended December 31, 2006. Recurring and net profits also reached record highs in the same period. Nintendo reiterated its expectation to attain record financial results through the remainder of the fiscal year ending March 31, 2007.
Largely due to the unprecedented sensation that is the Nintendo DS and the surprisingly successful launch of the Wii, Nintendo reported that its consolidated net sales had increased 72.8 percent over the same period last fiscal year. Furthermore, operating income saw a rise of 102.5 percent.
Of course, the self-congratulatory party didn't end there. Nintendo also announced that during the first three quarters of the year, worldwide shipments of 19 software titles on Nintendo platforms reached or exceeded 1 million units each. These games included three Wii titles (Twilight Princess, Wii Sports, and Wii Play), thirteen Nintendo DS titles and three Game Boy Advance games. In addition, Nintendo was eager to report that almost 1.4 million Wii systems have connected to the Internet worldwide. Furthermore, more than 3.5 million unique users have played online matches on the Nintendo Wi-Fi Connection for the DS. We hope that those numbers tell Nintendo something about the viability of online gaming.
The company ended the report by reiterating its previous forecasts for consolidated worldwide shipments of 6 million Wii consoles by the end of March 2007. Nintendo was happy to report that it met its target of 4 million Wii consoles manufactured by the end of 2006, 3.19 million of which were delivered to distributors and retail customers around the world.
It seems like all is well in the Mushroom Kingdom; profits are most definitely not in another castle.
http://ds.ign.com/articles/758/758407p1.html