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Friday, October 27, 2006
Earnings: Nintendo profit nearly doubles on success of DS game machine
TOKYO -- Nintendo Co. said Thursday that its profit jumped 48 percent in the first half of its fiscal year on booming sales of its Nintendo DS hand-held game machine.
Nintendo posted a profit of $457 million in the six months ended Sept. 30, up from $309 million a year earlier, the Kyoto, Japan-based game maker said. Sales soared 70 percent, to $2.51 billion, compared with the same period last year. The company did not release quarterly figures.
Sales of the hugely popular Nintendo DS soared to 10.09 million units in the first half, up from 3.57 million a year earlier, the company said. It plans to sell 20 million of the machines during the current fiscal year.
Nintendo has scored a success with the DS, which features a touch screen. The company said its user-friendly features attracted not only skilled gamers but also drove "those who were not familiar with video games in the past to start playing," including women and seniors.
Nintendo said it hopes its new Wii game console will buoy earnings in the second half.
Wii (pronounced "wee") is the successor to Nintendo's GameCube, which lost out in the home console market to Sony's PlayStation 2 and Microsoft Corp.'s Xbox.
Nintendo has said it expects to sell 6 million Wii consoles during the fiscal year ending March 2007. It goes on sale in the U.S. on Nov. 19.
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