In a statement that will surprise no one, Nintendo revealed record profits for fiscal year 07. The 23 million DS's sold proably had something to do with it, and the fact that you still can't find a Wii in the wild. With 5.84 million Wiis sold, Nintendo is projecting that by the end of this fiscal year (next March 31) they'll have sold 14 million of them. I can easily see that happening, the way the Wii is selling like hotcakes to hotcake addicts right now, but they better ramp up the production on the incredibly popular little white box if they want to meet thant number. They also need to slam out the blockbuster software. I hope Iwata's recent promises of a big 2007 aren't doubletalk.
NINTENDO POSTS RECORD YEAR ON STRONG NINTENDO DS SALES, BREAKTHROUGH RECEPTION
Nintendo Co., Ltd., today reported final consolidated fiscal year revenues
of 966.5 billion yen and operating profits of 226.0 billion yen for the year
ending March 31, 2007, an increase of 90 percent and 150 percent,
respectively, over the same period one year ago. Both numbers are record
highs for the company.
The results are due largely to full-year sales of more than 23 million
portable Nintendo DS(TM) systems globally, along with 123 million Nintendo DS
games. Since introduction, the Nintendo DS has now eclipsed lifetime sales of
40 million systems.
In addition, in less than five months since introduction, the company sold
5.84 million of its new Wii(TM) home video game systems globally, virtually
every one snapped up immediately by consumers, along with nearly 29 million
Wii games. Wii has taken a step toward becoming a cultural phenomenon,
appealing widely to both avid and previously disinterested game-playing
For the fiscal year beginning April 1, 2007, Nintendo projects sales of
14 million Wii systems and 55 million games worldwide. The company projects
sales of 22 million Nintendo DS hardware unit sales and 130 million software
units sales. Nintendo forecasts consolidated sales increasing nearly 18
percent to 1.14 trillion yen, and operating profits growing nearly 20 percent
to 270 billion yen.
All financial projections are based on an anticipated ratio of 115 yen to
the U.S. dollar, and 150 yen to the euro. Using this estimate, recurring and
net profits for the year are projected to be flat in anticipation of a foreign
currency reevaluation loss. For complete details, please review the attached
financial statement and forecast*.
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