Nintendo profits through the roof on Wii and DS sales

Posted by Frederick Roberts

Tokyo (Japan) - In one of the most amazing turnarounds in gaming history, Nintendo has seen its net profits grow 77.2% to 174.3bn yen ($1.4bn), beating financial analysts expectations, and its sales grow 90% in the year to March on the back of the runaway success of its DS and Wii gaming systems.

The DS has been selling extremely well since it launched in 2004, and Nintendo says that it expects to sell around the same number of the handheld console this year as last – 23.56 million, in total.

The Wii has sold 5.84 million units in the year to March, and Nintendo expects to sell around 14 million in the 2007/08 financial year.