Nintendo expected to post operating profit of over $5 billion says Reuters.

[Euphoria14]

Nintendo expected to post operating profit of over $5 billion!

Reuters report that Nintendo is expected to record a 530 billion YEN (over 5 BILLION USD) operating profit for that year that ended on March 31. This strongly contrasts with other big Japanese exporters including Toyota and Sony who are expected to post billion dollar losses.

Quote:

Strong sales of both the Wii and Nintendo's handheld DS player despite the global economic slowdown had led the company to expect a record 530 billion yen operating profit for the year that ended on March 31.

That contrasts sharply with other major Japanese exporters such as Sony and Toyota Motor Corp, which are set to post billions of dollars of losses for the business year just ended amid slumping demand and a strengthening yen.

Nintendo's shares closed down 2.6 percent at 28,000 yen, while the benchmark Nikkei average gained 3.7 percent.

News Source: Reuters