Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
arrowPress Releases
If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Nintendo First Quarter Profits On The Rise

Nintendo First Quarter Profits On The Rise

July 24, 2006 | By David Jenkins

July 24, 2006 | By David Jenkins
Comments
    Post A Comment
More: Console/PC



Officials from Nintendo have released details of the company's first quarter financial results, with buoyant worldwide sales of the DS Lite contributing to a 10 percent rise in profits.

Net income for the company rose from 14.1 billion ($120.9m) in 2005 to 15.6 billion ($133.8m) in the three months ended June 30th, 2006. Operating profits (sales minus the cost of goods sold and administrative expenses) rose by 700 percent from 3.8 billion ($32.6m) to 28.8 billion ($247.1m), while sales increased by 85 percent from 70.7 billion ($606.5m) to 130.9 billion ($1.12bn).

As a result of the positive results, the company has increased its annual profit forecast, which will encompass the first few months of sale of the new Wii home console, from 65 billion ($557.6m) to 83 billion ($711.9m).

During the fiscal first quarter, Nintendo sold 4.54 million units of Nintendo DS and DS Lite consoles, a threefold increase on the 1.38 million units sold at the same time last year. The company has already announced it will boost production capacity of the DS Lite from 1.6 million to 2 million, while at the same time stopping production of the earlier model.

Sales of DS software also rose threefold, from 5.3 million units in 2005 to 18.4 million units this year. Full year software sales for the format are now expected to be 75 million for the period ending March 2007, an increase of 5 million on previous estimates. Hardware sales forecasts for the year have also increased from 16 million to 17 million.

While re-confirming that the release date and price for the Wii would be announced in September (speculated to be at or around the Tokyo Game Show on September 22nd), Nintendo also forecast sales of 6 million units of the new console for the year ending March 2007, on software sales of 17 million units.


Related Jobs

Question
Question — Tiburon, California, United States
[06.29.22]

Question - South Park - Lead Level Designer (WFH/Remote)
Skydance
Skydance — Remote, California, United States
[06.29.22]

Senior World Artist
Skydance
Skydance — Santa Monica, Los Angeles, California, United States
[06.29.22]

Game Producer - Game Team
Skydance
Skydance — Santa Monica, Los Angeles, California, United States
[06.28.22]

Senior Game Producer - Game Team









Loading Comments

loader image