Thursday, April 5th 2007
Nintendo exceeds profit expectations for FY2006, raises them for FY2007
Nintendo expected to make 900 billion yen in Fiscal Year (FY) 2006 (March 31, 2006 to March 31, 2007). Fortunately for Nintendo, they exceeded their own expectations. FY2006 earned Nintendo a whopping 966 billion yen (roughly $8.1 billion USD) in raw profit. This is thanks to the smashing success of the Nintendo Wii, and the Nintendo DS' strange way of being a "giant money pot". And so, in response to these incredible profits, Nintendo has increased their expected profits by a considerable margin. We should see this, along with a more detailed report of Nintendo's FY2006 performance, later.
Source:
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