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Nintendo makes a motza

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Nintendo makes a motza
By The Inquirer
May 11, 2009 | 3 Comments
Tags: nintendo | gfc | it's-a-mario

It's good to see someone's making money in 'these tough financial times'.

While most electronics companies are wearing sackcloth and covering their heads with ashes this quarter, Japan's Nintendo has made record profits.

According to AFP, Nintendo's annual net profit rose 8.5 per cent to $US2.8 billion, easily beating its own earlier forecasts

It claimed that the video game industry had been less affected than most by the global economic downturn, despite a drop in consumer spending.

However it did not think that will last. It predicted that it will have its first drop in operating profit in four years in the next quarter and that worldwide sales of the DS handheld console will fall slightly this year.

However, it thinks there will be a fairly steady stream of Wii sales for the rest of this year, the company said.

 

theinquirer.net (c) 2009 Incisive Media

 
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3 Comments
Thoughts on this article? Add a comment below.
Tezlin
May 11, 2009 4:12 PM
I hated the Wii...
bushi
May 11, 2009 4:57 PM
Great comment. Almost as good as this one...
ae86represent
May 16, 2009 9:44 PM
Nintendo have been thinking outside the box for years and it's paid off. I cant wait to see what there next console release brings. Neural interface anyone :-)
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Atomic Magazine

Issue: 107 | December, 2009

Atomic is a magazine aimed squarely at computer enthusiasts, gamers, and serious PC upgraders.

Every month we bring you the latest reviews of new technology and PC components, in depth features on everything from overclocking to console hacking, and gaming previews and interviews.
 
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