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Wii and DS boost Nintendo profits
26/04/07 - Demand for Nintendo's Wii and DS games machines have brought record profits for the Japanese firm.The Kyoto-based firm's net profits grew 77.2% to 174.3bn yen (£731m; $1.4bn) in the year to 31 March, while sales surged 90%.
Nintendo had been struggling against rivals Sony and Microsoft until its new innovations revitalised its business.
It said it sold 23.56 million handheld DS consoles, and was hoping to sell a similar number this year.
The company also added that it aimed to sell 14 million Wii consoles in 2007/8, up from 5.84 million in the year to March.
The improvement in profits comes as little surprise given the success of its latest products and its share price has almost doubled in the past year as investors were impressed by its turnaround.
The DS console, which allows users to control play with a stylus, has proved popular with women and older users.
Meanwhile the motion sensitive Wii has proved popular after introducing a new way of playing computer games.
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Published Date: 2007-04-26 10:49:26Subscribe to our RSS News feed:
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