Nintendo Q4 Profit surges 60% because of Wii

Apr 24 2008, 12:39pm CDT | by Luigi Lugmayr

Nintendo reported that their fourth-quarter profit jumped 60%. The company has a bit subdued outlook with forecasting only a modest annual growth of 9% as sales of its DS handheld machine slow.

Nintendo said operating profit for the January-March quarter surged to 93.2 billion yen ($900 million). This news is a bit surprising as Wii sales still are growing. Nintendo claims declining Nintendo DS sales as reason for the conservative outlook. Nintendo stated again to raise the monthly production of Wii consoles to satisfy demand especially in the United States.
Via Reuters.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.