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Nintendo Making Big Bucks

by Billy Berghammer - April 27, 1999, 1:27 pm PDT
Source: FGN Online

Surprising? Nah.

Surprised? I am not at all. Especially after dropping another $50 to Nintendo for Smash Bros. today :) FGN reports:

Nintendo estimates it will report a 20 percent increase in profits to 155 billion yen for the fiscal '98 year, company sources have told the Nihon Keizai Shimbun. If the 14 billion yen gain generated by a change in corporate tax rules isn't excluded, the video games giant would have amassed a 10 percent rise in earnings. The strong performance was attributed to brisk sales of video game software in Japan and North America. Revenues also rose by seven percent to 570 billion yen, with Zelda 64 selling seven million units and the Pocket Monsters series for Game Boy achieving sales of a massive 15 million copies.

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