Nintendo Beats Profit Target by 27%

Nintendo beat expectations for the fiscal year ending last month. Reuters writes: “Japan’s Nintendo Co. said on Tuesday it likely beat its group net profit estimate for the business year ended last month by 27 percent, helped by robust sales of a portable game machine [DS] and foreign exchange gains.”

I guess business is good. If you’ve got great content (i.e. great games on the DS) the business model will take care of itself.

4 Comments

  1. 27%???
    That’s HUGE, by any industry standards!! Especially in a year when retail numbers in general haven’t fared so well…
    Is Nintendo overestimating?

  2. Here is the English translation for anyone that would like more info. “Infendo”

    http://www.nintendo.co.jp/n10/news/060404e.pdf

  3. you mean underestimating…?

  4. So that means Nintendo isn’t bankrupt and dropping out of the hardware business like a lot of industry experts and sony & microsoft fanboys said???

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