Post by: WindyMan on January 09, 2007, 05:02:03 PM
In a press conference today in Japan, Nintendo announced that they would be raising their profit forecast figures for their 2007 fiscal year, set to end on March 31.
Previously, Nintendo was looking to make a net profit of 100 billion Yen ($870 million). Not anymore, since they now are looking at a 120 billion Yen (over one billion dollars) profit, a 20% increase for this year and a 22% jump from last year's profit total. The reason? By the numbers, Nintendo will be seeing their net sales skyrocket to 900 billion yen ($7.8 billion).
The big reason for the money spike, as if you needed us to tell you, is the continued ass-kicking and name-taking of the DS. According to Bloomberg.com, Nintendo has also increased their FY2007 shipment targets for the handheld to 23 million units, up 15%. DS game sales should also hit 100 million worldwide, which is a 22% increase from Nintendo's previous predictions. Since DS systems are virtually selling out as fast as Nintendo can ship them off to stores, these sales expectations are probably a sign that Nintendo has significantly increased DS production.
Nintendo also said they would sell 22 million Wii games by the end of March, which is 5 million more than originally stated. Despite all of this forecast raising, Nintendo is keeping the Wii worldwide sales number the same at 6 million. Likely, the only reason for not forecasting more Wiis sold is that Nintendo simply does not have the capacity to produce more than that before April.
Post by: WindyMan on January 09, 2007, 06:02:57 PM
Post by: IceCold on January 09, 2007, 06:15:48 PM
Post by: Bill Aurion on January 09, 2007, 06:23:16 PM
Post by: TJ Spyke on January 09, 2007, 06:38:52 PM
Post by: Mario on January 09, 2007, 08:17:23 PM
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Nintendo also said they would sell 22 million Wii games by the end of March, which is 5 million more than originally stated.
Metroid Prime 3, Super Mario Galaxy and Super Smash Bros Brawl all releasing in March confirmed.
Post by: Acefondu on January 10, 2007, 12:31:08 AM
Post by: couchmonkey on January 10, 2007, 02:04:17 AM
I should think Nintendo could do more than 6 million Wiis if it really wanted to. I mean, from September to December it managed to produce close to 4 million (from the looks of things). I guess either it really can't, or maybe it's being conservative and assuming demand is dropping off.
Post by: Terranigma Freak on January 10, 2007, 02:55:52 AM
I declare this the unofficial "It Prints Money" thread!
Post by: vherub on January 10, 2007, 03:38:15 AM
Post by: Spak-Spang on January 10, 2007, 04:30:30 AM
Vherub: I believe that demand for the Wii should be pretty high throughout the summer for the system. It may die down periodically, but with each big new game released it should have a huge spike in demand and sales.
Post by: Terranigma Freak on January 10, 2007, 05:11:21 AM
Quote
Originally posted by: Spak-Spang
When will somebody post an animated image of the Wii printing money?
While the Wii is a success, it's still at it's infancy so it's a bit too early for that... BUT...
Post by: decoyman on January 10, 2007, 05:41:51 AM
Post by: BlackNMild2k1 on January 10, 2007, 05:56:21 AM
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Originally posted by: Spak-Spang
When will somebody post an animated image of the Wii printing money?
mine prints it faster!!! 20% faster!!!
Post by: Terranigma Freak on January 10, 2007, 06:34:53 AM
BTW, you need to improve the mouth a little in that picture. It looks a little odd right now.
Post by: NWR_pap64 on January 10, 2007, 07:12:31 AM
Post by: nitsu niflheim on January 10, 2007, 07:58:43 AM
Post by: Crimm on January 10, 2007, 09:18:41 AM
Post by: WuTangTurtle on January 10, 2007, 12:33:14 PM
Post by: Ages on January 10, 2007, 01:58:04 PM
Quote
Originally posted by: Spak-Spang
When will somebody post an animated image of the Wii printing money?
Mine prints million dollar bills!
To a billion...and beyond!
Post by: IceCold on January 10, 2007, 08:12:07 PM
