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DS

Nintendo Raises Profit Forecasts

by Steven Rodriguez - April 5, 2007, 3:02 pm EDT
Total comments: 2 Source: Nintendo

Stop me if you've heard this one before.

Thanks (again) to DS hardware and software, Nintendo is expecting to beat its already lofty yearly sales target of 900 billion Yen ($7.58 billion), raising its consolidated net sales estimate for its 2007 fiscal year to 966 billion Yen ($8.14 billion). That's a 7.3% difference. The Wii wasn't mentioned in the note announcing this forecast adjustment, so it seems the DS is kicking ass and taking names all by itself.

Speaking of Nintendo's FY 2007, it ended on March 31. The company is expected to release its full financial report on April 26, and with any luck there will be some juicy bits of news to pass along with it. Check back with us then to see if Nintendo makes any game announcements at that time.

Talkback

SheckyApril 05, 2007

"Should have bought some Nintendo stock when I was considering it at $20/share." Stop me if you've heard this one before.

ShyGuyApril 05, 2007

This can't be right. Nintendo is supposed to fail! The internet told me!!

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