Nintendo expects double profits in 2007

Posted on Saturday, Jan 13 2007 @ 11:05 CET by Thomas De Maesschalck
Nintendo expects it profits will double this year thanks to strong sales of the DS handheld console and its game software:
Nintendo DS, which opens like a book and lets users control play with a stylus, has allowed the company to reach new user groups such as women and the elderly with software that includes "Nintendog", a pet training game, and quiz programmes.

To expand further in the world's $30 billion (15.5 billion pound) game industry, Nintendo is also betting on its new Wii console, which was launched for the year-end shopping season in the Americas, Japan and Europe, to fend off competition from Microsoft's Xbox 360 and Sony's Playstation 3.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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