Wii! Nintendo Q2 earnings jump
EmptyNintendo's profits rose by almost one-third in its second quarter thanks to the continued strong performance of its Wii console, the company said Wednesday.
The gaming giant's profit for April-June rose to ¥119.19 billion yen ($1.1 billion), up 31.5% from ¥90.63 billion a year earlier. Net income for the period was up 33.7% from the same three months in 2007 to $993 million.
The popularity of the Wii in Europe and the U.S. helped boost sales to 5.17 million consoles, up 1.74 million units from the 2007 period.
Despite being on the market since 2004, the DS portable console racked up sales of 6.94 million units, down only slightly from the corresponding quarter in 2007.
DS software sales were up to 36.6 million titles in the quarter, while Wii software sales surpassed the 40 million mark. Nintendo earns bigger profit on its software than Sony or Microsoft as many of its hottest sellers are in-house productions.
Nintendo kept its full-year net profit forecast at ¥325 billion ($3 billion).