Nintendo raises profit forecast by 20%

Reuters is reporting that Nintendo raised their 2006/07 net profit estimates by 20% in the wake of strong DS sales and high Wii anticipation. From the article: “Nintendo, which trails its rivals going into this holiday season’s console war but is the only of the three to say it will turn a profit on its machines from the start, has won praise for its gutsy and contrarian tactics as it battles for ground in the $30 billion video game market.”