Nintendo sales lag forecast, but profit jumps
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TOKYO Nintendo, the world&#39;s biggest maker of hand-held game machines, said Monday that first-half profit was nearly twice as high as it had forecast as a weaker yen lifted the value of US assets.
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Nintendo Co. returned to profit in the first half of the fiscal year from a loss a year ago as the Japanese video-game maker erased foreign exchange losses and turned more profit with game-software sales.
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Nintendo Co. returned to profit in the first half of the fiscal year from the same period a year ago as the Japanese video-game maker erased foreign exchange losses and earned more from game sales.
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Group net profit at Nintendo totaled $2.43 billion for the nine months ended Dec. 31, up 96.3 percent from the same period in fiscal 2006.
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The success of the Wii has helped Nintendo treble its half-yearly profits to 188.78bn yen (Â£810m).
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PC Magazine - Sure, Microsoft can happily pound its chest and announce far and wide that they've outsold PlayStation 3 yet again (as they did this morning), but the most important factoid that came out of January's sales numbers is that Nintendo pounced them both.
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Nintendo Co. Ltd.  sold  476,000 units of its new Wii video game console in the United  States in November, more than twice the number of PlayStation  3s sold by rival Sony Corp. , as the two consoles  debuted mid-month, research group NPD said on Friday.
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Nintendo Co. said Thursday profits more than doubled in the six months ending Sept. 30 on the soaring success of its hit Wii and Nintendo DS game consoles.
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Electronic Arts Inc  posted a 44 percent rise in quarterly profit excluding special items and gave forecasts below Wall Street estimates, sending shares in the world's top video-game publisher down 6 percents on Thursday.
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Nintendo Co. Ltd.'s net profit fell 43  percent in the latest quarter and the videogame maker cut its  forecast for the full year by more than a fifth, citing a  strong yen and weak sales of its GameCube consoles.
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The company said quarterly net profit jumped to 73.7 billion yen, or $646.7 million, as sales of digital cameras, televisions and other electronics more than offset losses at its video-games unit.
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Nintendo, the world's largest maker of portable game consoles, said it returned to profitability in the first half after booking large foreign exchange gains.
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Nintendo Co Ltd's  Wii game  console outsold Sony Corp's  PS3 by the ratio of 3 to 1  in Japan in August, but Nintendo's lead has become smaller over  recent months, industry data showed on Monday.
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U.S. sales of video game hardware  and software were $1.18 billion, with Nintendo Co Ltd's  (7974.OS) Wii console keeping a slim edge over rivals amid  ongoing supply constraints.
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U.S. sales of video game hardware  and software were $1.18 billion in January, down 6 percent from  a year earlier, with Nintendo Co Ltd's (7974.OS) Wii console  once again outselling its rivals.
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KYOTO, Japan  - Japanese video game maker Nintendo  Co. Ltd.  said on Tuesday it sees an emerging  possibility it will beat its earnings forecasts for the year to  March as well as its sales target for the DS handheld games.
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NEW YORK -- Nintendo's quirky game console, the Wii, will go on sale in the U.S. on Nov. 19 for $250, much less than Sony's PlayStation 3, which launches just two days earlier with $500 and $600 models.