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BigN Expects Record Net Profits

by Mike Hrusecky - April 10, 2002, 9:35 pm EDT
Source: Yahoo! News

Nintendo is expecting record net profits for the second straight year.

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Nintendo has lifted its net profit forecast today for the fiscal year that ended in March.

The new forecast is a net profit of USD $841 million, which is up from the USD $611 million forecast made in November.

Nintendo's previous record fiscal year (ending a year ago March) garnered Nintendo a profit of $738 million.

Despite the net profit increase, Nintendo lowered its SALES estimate to USD $4.2 billion (from $4.4) due to the GBA price cut and GameCube game delays.

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