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

Euphoria14 on 09 April 2009

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



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saicho on 09 April 2009

Hooray!



MikeB predicts that the PS3 will sell about 140 million units by the end of 2016 and triple the amount of 360s in the long run.

Khuutra on 09 April 2009

Ho-lee Hell.

That is so much money that it beggars the imagination - I can imagine what a corporation would do with it, but in situations like this I always think what I would do if I had that much money.

I guess that's the upper limit for what I can really imagine.



wfz on 09 April 2009

Reuters' name is way too close to "Retards". I laughed after reading through the title too quickly.

That is a lot of money. It really makes me wonder what kind of research and development Nintendo is going to do now that they have so much... Of course a lot will go into expanding the audience and other things.



blackstar on 09 April 2009

when are we gonna from sony?



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Naum on 09 April 2009

Funny even when they annouce ground breaking profits in billion of dollars the stock goes down....



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GOONYDUDE on 09 April 2009

Good for them.



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Bitmap Frogs on 09 April 2009
blackstar said:
when are we gonna from sony?

 

Official releases from all three manufacturers tend to come later in the month, so still a couple weeks away.





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Demotruk on 09 April 2009
Naum said:
Funny even when they annouce ground breaking profits in billion of dollars the stock goes down....

 

I guess they expected more. Nintendo flopped.



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www.xnagg.com/zombieasteroids/publish.htm

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Xxain on 09 April 2009

GO Nintendo GO!!!