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Nintendo rolling in money as Wii nears 25 million units

Nintendo hasn't just been sitting prettily on its laurels these past twelve months. Nope, the Kyoto firm has kept itself occupied by generating giant wads of filthy lucre, in readiness for when it takes over the world with Satoru Iwata as our new supreme overlord, and Shiggy his ruthless, iron-fisted deputy. Or something.

The company has released details of its full year results for the period ended March 31st, 2008, and guess what? Nintendo is rich. Profits shot up by 47.7 percent, while sales rose by 73 percent (to ¥1.67 trillion, or $16.1bn).

Not only that, but the Wii sold 18.61 million consoles in the last fiscal year, bringing it to a lifetime total of 24.45 million units (and, as we're now in late-April, we can safely presume that that figure has passed the landmark total of 25 million). On the software front, the console now has 26 million-sellers (up from five last year), 1.8m Japanese consumers risked their hamstrings by picking up Wii Fit, and Brawl sold 4.85 million units in the U.S. and Japan (and might even sell a few more when it launches in Europe this June).

Nintendo raises profit forecast....again

BlingNintendo's stock has been going up like ... like, um ... like Apple's stock! But not even the bookies could predict such a dominating performance (sorry, I just couldn't resist that link ... go Gators!), and as such, Nintendo has had to once again raises its profits forecast thanks to extremely strong game sales for both the Nintendo DS and the Wii. How much, you ask? One billion dollars. That's USD, folks.

We also have a gem of a quote from one Edwin Merner, president of Atlantis Investment Research Corp. in Tokyo: "Nintendo is going like gangbusters, and the Wii consoles are selling like hotcakes." Gangbusters, huh? According to UrbanDictionary.com, a gangbuster is: "a sexual advance made by someone in an attempt to turn on another person." Hot, Edwin. Very hot.

Wii: it's all about the bling, son


A report over at Reuters is quoting Reggie Fils-ass kicker, name takerAime as saying that the Wii "will make a profit on the entire Wii proposition out of the box -- hardware and software." This is good news for Nintendo, who are not adapting the business models of their competition. With Sony and Microsoft, initial units sold are at a loss, so in this manner Nintendo has already managed to win in the next-gen console wars.

Now that we have the pricing on the hardware, is this the reason the Wiimote and nunchuk attachment cost a ridiculous amount of money, to ensure profit immediately?

[Via Joystiq]

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