Nintendo shakes pale economy, reports $2.8 billion profit

By on May 7, 2009, 8:54 AM
Nintendo has come forth with their yearly earnings, showing an 8.5% leap in annual profits. While quarterly figures weren’t divulged, they raked in a record $2.8 billion profit for the fiscal year, an improvement over the previous year’s $2.6 billion. Company sales grew by 9.9% to $18.6 billion from $16.9 billion. Unsurprisingly, overseas sales accounted for 87.5% of the total products moved.

The Kyoto-based company said the video game industry was less impacted by the stale economy than other industries, enabling it to remain stable in spite of increasingly frugal consumers. The company’s earnings topped its own expectations as well as surveyed analysts. Having forecasted to ship 26.5 million Wii systems, it moved 25.95 million, and sold 31.18 million DS handhelds with expectations on 31.5 million.

The Wii-maker foresees a 7.5% rise in net profit to $3.04 billion for the coming fiscal year, with sales decreasing by 2.1% to $18.25 billion. They plan on selling 26 million Wii systems and 30 million more DS handsets, which includes the remodeled DSi. From a software aspect, Nintendo anticipates the sale of 180 million DS titles and 220 million Wii games in the fiscal year ending March 31 2010, from 197 and 204.5 million this year.




User Comments: 3

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phantasm66 said:
Thw Wii really has been a success.
captain828 said:
[b]Originally posted by Matthew:[/b][quote]The company’s earnings topped its own expectations as well as surveyed analysts. Having forecasted to ship 26.5 million Wii systems, it moved 25.95 million[...][/quote]25.95 > 26.5 ? I think I'm turning blind...[b]EDiT[/b]: reading through it once more, I saw I didn't comprehend it so well, but nonetheless the first quoted phrase, which refers to the earnings mentioned in the article's first paragraph, has little to do right in front of the sell volumes.[Edited by captain828 on 2009-05-07 12:47:45]
Matthew said:
The entire paragraph:[quote]The Kyoto-based company said the video game industry was less impacted by the stale economy than other industries, enabling it to remain stable in spite of increasingly frugal consumers. The company’s earnings topped its own expectations as well as surveyed analysts. Having forecasted to ship 26.5 million Wii systems, it moved 25.95 million, and sold 31.18 million DS handhelds with expectations on 31.5 million.[/quote]"The company's earnings topped..." follows a statement regarding the financial atmosphere of the gaming industry in relation to the economic downturn. The sales sentence is a continued portion of the paragraph, providing additional information about the company's quarterly postings. Either way, if you must see a strong theme or association in all sentences of an individual paragraph, consider sales to have a direct reflection on their profit.
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