Friday, October 31, 2008

Nintendo's sales surge 20 percent

Nintendo Co.'s sales and profit figures for the first half of fiscal 2008 hit record highs, mainly thanks to strong sales of the Nintendo DS and Wii consoles in the U.S. and Europe.

First-half sales on a consolidated basis were up 20.4 percent from the year earlier to 836.8 billion yen, with net profit up 9.4 percent to 144.8 billion yen.

The console manufacturer sold 10.1 million Wii units during the period; and while domestic sales were down, sales in the U.S. and Europe were up by 50 and 80 percent respectively.

However, predicted net profit for the fiscal year was revised downwards to 345 billion yen, down from a previous forecast of 410 billion.

Source : http://mdn.mainichi.jp/mdnnews/news/20081031p2a00m0na005000c.html