Wii and DS drive Nintendo profits
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Nintendo reports booming profits as sales soar of the Wii and DS games machines.
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The booming popularity of Nintendo's Wii console and DS handheld sent the combined sales of game machines and gaming software in Japan to a record high last year, according to research by a Japanese publisher.
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Nintendo Co. Ltd.'s (7974.OS) new Wii  game console and related software will be profitable to the  company once sales begin in the United States in November, the  president of Nintendo of America said on Thursday.
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Game consoles doing so well, company needed to revise 2007 financial forecasts.
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Japan's Nintendo Co. on Tuesday raised its 2006/07 net profit forecast by 20.5 percent, beating market expectations, thanks to strong sales of its DS hand-held video game player and a weaker-than-expected yen.
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Nintendo hopes to hold its advantage over Sony in the handheld game console market, by selling its DS model for half the price of the new PlayStation Portable.
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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. Ltd.'s Wii game console  outsold Sony Corp.'s PlayStation 3 by a ratio of over 6 to 1 in  June in Japan, a game magazine publisher said, solidifying  Nintendo's leading position.
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U.S. sales of video-game hardware  and software jumped more than 50 percent in November, driven by  record purchases of Nintendo Co Ltd's  Wii console and  several new blockbuster games, industry data showed on  Thursday.
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Nintendo Co. Ltd.(7974.OS: Quote, Profile, Research) sold 500,000 Nintendo DS video game devices during the first week of sales in US stores for the new handheld featuring two screens
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Nintendo Co. Ltd.7974.OS sold  500,000 Nintendo DS video game devices during the first week of  sales in U.S. stores for the new handheld featuring two screens  for game playing, the Japanese game maker said on Wednesday.
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In December, Nintendo had its biggest month ever with the hot-selling game system. Holiday shoppers bought 1.4 million Wiis, according to sales data released Thursday by the NPD Group. The Wii's success helped drive the video game industry to a record-setting $17.9 billion in sales, about 43% higher than 2006's $12.5 billion, which was also a record.
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Raises forecast The phenomenal success of Nintendo's Wii games console has helped the Japanese manufacturer to double its profits during the six months to the end of September. Nintendo said on Thursday that net profit reached 132.42bn yen ($1.2bn) for the first half of its latest fiscal year, up from 54.4bn yen for the same time last year. Group sales more than doubled to 694.8bn yen ($6.1bn) from 298.82bn yen last time around.â¦
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Nintendo Co Ltd (7974.OS),  already struggling with shortages of its Wii video game  console, is also seeing signs of higher-than-expected demand  for its DS handheld device, a top executive said on Monday.
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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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Robust global demand for the DS handheld player and Wii helped Nintendo almost triple its operating profit in April-September.
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Nintendo Co. Ltd. 7974.OS on Tuesday   raised its annual net income forecast for 2006/07 by 20.5   percent, citing strong sales of its Nintendo DS video game   console and titles as well as a weaker-than-expected yen.