Wii, DS boom lifts Nintendo's profits
AFP, April, 2007
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TOKYO (AFP) — Nintendo said Thursday its net profit grew by more than two-thirds in the last fiscal year thanks to strong sales of its next-generation Wii video game console and its handheld machines.
Nintendo, which has long dominated portable consoles, said it had reversed a long decline in the market by introducing games that appeal to new demographic groups such as women and the elderly.
Nintendo Co. Ltd. said its net profits grew to 174.3 billion yen (1.47 billion dollars) in the 12 months to March, up 77.2 percent.
Operating income shot up two and a half times to 226 billion yen, with revenue rising nearly 90 percent to 966.5 billion yen.
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The Japanese company said it enjoyed strong sales both for its double-screen handheld Nintendo DS and its next-generation Wii, known for its innovative motion-sensitive controller.
"The video game ...
