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Nintendo reports record Q3 profit


Thanks to Wii and DS


We all know that Nintendo's Wii console was one of the big upsets of last year, and that even now the company is struggling to meet high demand. Looking at Nintendo's Q3 net profit of $1.18 billion it's plain to see that Nintendo has cashed in on the Wii and DS.

Compared to Q3 2006, Nintendo's profit rose by 63% and its appetites have grown, too.  It has raised its annual sales forecast for the DS to 29.5 million units and it expects to sell 18.5 million Wii consoles.

The company has increased Wii production twice last year, and more than a year since its introduction there's still no talk of a Wii price cut.

Last modified on 26 January 2008
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