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Nintendo Co Ltd. (NTDOY)
Nintendo Q1 profit increases fivefold on robust sales

Forbes - July 24, 2007

Submitted by argon (327) at 11:27PM PST on July 24, 2007

Nintendo Q1 net profit increased 416% from same period last year to 80.25 billion yen (~$662 million). Wii shipment target increased from 14 million to 16.5 million for year ending March '08. Operating income in the fiscal first quarter more than tripled to 90.63 billion yen from 28.80 billion previously, while revenue expanded 160 percent to 340.44 billion yen from 130.9 billion the year before. Nintendo said global sales for its Nintendo DS dual-screen portable game consoles reached 6.98 million in the April-June quarter, from 4.54 million the year before. The company also delivered 3.43 million Wii consoles in the past quarter.

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