Nintendo's Profit Rises By 34% Because Of Wii

Posted: Jul 30 2008, 5:03am CDT | by , Updated: Aug 11 2010, 9:45am CDT, in News | Technology News


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Nintendo announced it's quarterly earnings and reports a rise in profits of 34%.

The net income was 107.3 billion yen ($99 million) in the three months ended June 30, up from 80.3 billion yen a year earlier.
The Sales of the Nintendo Wii console have risen 51%.
Nintendo forecasts sales of of the Wii to rise 34% this year, which would bring Nitendo closer to pass Sony as the world's largest maker of video game consoles.
It would be a big blow to Sony to loose the overall leadership in the console market, which the company held for over 13 years. The battle is not over yet as Sony tries to push the PS3 sales.
Via Bloomberg.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () 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.
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