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70°

Nintendo's Profits up 77%

Nintendo of Japan has announced that profits in the last financial year have jumped by a staggering 77% thanks to strong sales of both the Nintendo DS and Wii.

Nintendo reported a group net profit of 174.29 billion Yen ($1.47 billion) in the last fiscal year, a huge profit rise 98.38 billion yen compared to a year earlier.

Sales of consoles, particularly the DS and Wii, rose by 90% to 966.53 billion Yen ($8.13 billion), compared to 509.25 billion Yen for the same period last year.

kewlkat0076972d ago

and a Nintendo Wii, but who else is buying these things?

Cheap Gamer
Simple Gamer
Casual Gamer- That's me, the older you get the less time, as it seems.
Hard-Core Gamer
Nostalgic gamer- That's me, since late 80's

Anyhow, it seems to me hard-core gamers don't matter as much, when it comes to the masses. So who's Nintendo really going after? Hey the profits speaks for itself.

Silvia0076972d ago

Not sure why with all this money, they can't meet demand... I know people say it's artificial but I doubt it. Why limit your income?

PS360WII6972d ago

Making hardware isn't tied to how much money you have. I mean kind of but for the most part you still need to find a manufacturing plant that'll take on your order. You need to find a company to ship them out, box them up, even put the system together not to mention quality control. It takes time to make a huge amount of one thing and as far as the artificial low stock... I just don't buy it. Nintendo is trying as hard as they can to met demand. It's just to massive to tackle right now. But yeah I agree that they could be making more money as funny as it seems with those numbers up above us they can still make more... crazy

ITR6972d ago

Well I got a Wii and a DS.

Probably buy another Wii in Jan or Feb for the kitchen so I can watch shows and check the news in the morning.

I'll probably also get a 360 refurb at some point this yr. (I only want it for racing games)

Robotz Rule6972d ago (Edited 6972d ago )

Congrats on all your success!,but we need to put a stop to people like this!

I love my Wii and DS very much:)

Who are keeping our beloved Wii's prisoners and selling them for profit when other gamers who really want them don't get them!!!!!

Show all comments (6)
50°

Why the Wii is Such a Nostalgic System in 2026

The Wii is now a retro console. Let’s get nostalgic about an often maligned system.

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downupjourney.com
ActualWhiteMan35d ago (Edited 35d ago )

Crazy to think the WII is to the Switch 2, as the NES was to the WII back then. 20 Year difference.

jznrpg35d ago

My wife asks me to bust it out (heh) everyone once in a while to play bowling and tennis with the kids. There was a ton of slop on it but some good stuff as well.

Smellsforfree35d ago

Wii was great but boy howdy did it cause Microsoft to go on a dark walk with the Kinect and the disastrous XBox One launch that they arguably never recovered from.

Loktai34d ago

Not nostalgic for me.. I was there.. anyone who wasnt a little kid realized it was a gamecube with shit tacked onto it, it was the "joke" system and was well below even the switch in terms of comparing it to the latest machines at the time. The machine was well loved by young people and "casual gamers" who now remember it 20 years on, or in most cases more of its sales came in the 15-20 years ago range not right at launch- but again its not nostalgic for people who were "gamers" then really, just for those who ended up with one in their house, the games , graphics, interface and online features were archaic already in 2006.

50°

44% of games industry professionals have considered leaving the industry as a result of redundancies

New report from Skillsearch found that 22% of those surveyed had been laid off within the past 12 months.

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gamesindustry.biz
Cockney39d ago

Well if that 44% left im sure there would be a lot less redundancies

40°

Stop Killing Games on the latest European Commission public hearing

It's a step forward for Stop Killing Games.

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rockpapershotgun.com