Fri, Aug 29, 2008 | 10:49 BST
Nintendo lifts full-year profit estimate by 23%
Nintendo revised already “out of control” profit estimates today, saying it now expects to clear 650 billion yen ($6 billion) in the year to March, up from its previous forecast of 530 billion yen.
The soft yen, as well as silly demand for Wii and DS, had prompted the change, said the firm.
“The fact that Nintendo is confident to say even before the end of the first half, that overseas sales are this strong, will likely help the stock ride a wave towards the Christmas shopping season,” said Koki Shiraishi, an analyst at the Daiwa Institute of Research.
All we can see is Iwata and Miyamoto, naked, hysterically laughing while rutting holes in a wall of solid gold. More on Reuters.
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9 
Posted in: DS, Hot, Nintendo, Trade, Wii
Tags: baffling amounts of money, nintendo fy 09 financials
9 comments
#1
Psychotext
29/08/08, 11:01 am
Seems over for everyone else.
/awaits press releases from MS and Sony saying they’re not competing with the Wii
/awaits Game press release stating that the PS3 and 360 will be reduced to 10% store space to make more room for the waggle
#2
patlike
29/08/08, 11:23 am
Where does it end? I can’t wait to see Q4 Wii sales in the US. The big months will be well over 1 million, innit.
#3
wz
29/08/08, 11:49 am
\o/
#4
Psychotext
29/08/08, 11:59 am
They’ll sell whatever they ship in the holidays. Simple as that.
#5
patlike
29/08/08, 12:29 pm
Not sure it’ll carry through to next Christmas, though. I reckon this Q4 should go a long way to saturating the US.
#6
Psychotext
29/08/08, 12:38 pm
Depends what the next gimmick after Wii Fit they come up with is.
#7
patlike
29/08/08, 12:44 pm
Wii MotionPlus won’t do it, I reckon. There aren’t enough people in the world that want a lightsaber game that badly.
Wii Drink?
#8
Psychotext
29/08/08, 12:47 pm
Wii Screw
/rubs… something
#9
patlike
29/08/08, 1:10 pm
Wii Heroin! Should keep grandma happy.