Considering how noteriously conservative Nintendo is with fiscal number this is one hell of a projection raise:

http://www.edge-online.com/news/nintendo-raises-full-year-profit-forecast-26

Nintendo has raised its full-year profit forecast by 26 percent because of higher-than-anticipated sales of the Wii and DS.

The Japanese firm expects Wii sales to rise 42 percent to 26.5 million units during the year ending March 31, and software sales to increase 56 percent to 186 million units, reports Bloomberg.

Nintendo also reversed projections that DS sales will drop, estimating 30.5 million unit sales during the current fiscal year, and a 6.1 percent rise in software sales to 197 million units.

Net income is forecast to jump 59 percent to 410 billion yen ($3.8 billion), operating profit by 23 percent to 650 billion yen, and revenue by 11 percent to 2 trillion yen.

Following the news Nintendo shares gained 8.4 percent to close at 51,800 yen on the Osaka Securities Exchange, their biggest jump in nine months.

According to Bloomberg, Nintendo is now valued at $67 billion, 72 percent more than Sony's market capitalization.

Brav-f'ing-o Nintendo. Christ that's amazing. I should have bought into that the second the Wii started outselling the PS3 at launch.

One of the things I have to wonder is whether Nintendo possibly delayed games because they were already on track to shatter their profit projections ...

wow, hey Nintendo can I borrow a 20$

this is a really interesting statement. i dont want to think they would risk the core gamers like that but if their going to exceed their projects why release titles that can wait until the following year.

Wow this is incredible.

All I can say, is holidays.

@HappySqurriel

That would suck for core gamers if that's true, but it is smart. Business is business.

^the unconfortable truth.

Nintendo, Nintendo, Nintendo, video games now equal Nintendo! This is the year of Nintendo! Long live Super Mario! I vote Mario for president in 2008! I actually did write in Super Mario during the 1988 election! At least he got my vote!

Finally, Nintendo groks that the Wii is more than a fad. Somebody at Sony must have tipped them off.