Nintendo Financial Report is IN

[shams]

Here is another article:

http://www.gamesindustry.biz/content_page.php?aid=24558

Highlights:

"Net profit stood at YEN 174.3 billion (EUR 1.1 billion / USD 1.4 billion / GBP 731 million) - a year-on-year increase of 77.2 per cent. "

"Nintendo expects strong sales to continue, predicting global DS sales of 22 million units and 130 million games for 2007/8. The forecast for Wii is 14 million consoles and 55 million software titles.

The company also raised its financial forecasts for the year - consolidated sales are predicted to increase by nearly 18 per cent, while Nintendo said profits will be up by almost 20 per cent to reach YEN 270 billion (EUR 1.66 billion)."

...

A little more bullish than I expected (12-13m Wii, 20m DS). Nice figures, takes the Wii to 20m globally end of March '08 (1.6m / month - almost double the old shipment rate). DS figures are not unexpected.

The profit figures are, however, excellent. Im not sure what the highest figures Nintendo has ever posted are - but these have to be close (if not exceeding) those figures.

I wonder how Nintendo shares have reacted :)

EDIT - ooops my figures are off - its 14m, not 20 :( See below post...