Nintendo raises full-year forecast
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Japan's Nintendo Co Ltd  nearly  tripled its first-half profit and boosted its annual earnings  outlook on Thursday as its popular Wii and DS game machines  outsell rival Sony Corp's  PlayStation.
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Nintendo has said that it had sold more than 600,000 new Wii video game consoles in just eight days in North America in a boost to its efforts to wrest back market dominance from industry leader Sony.
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Nintendo of America President Reggie Fils-Aime painted a rosy picture for the Wii Wednesday, saying it should easily meet its target of shipping four million consoles worldwide by years end.
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The company said quarterly profit would be higher than analystsâ estimates and it raised its full-year outlook as exchange rates and price and volume increases offset high commodity costs.
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REDMOND, Washington  - Nintendo Co Ltd   is having trouble planning for the coming months because of  shortages of its Wii video game console, and the company is  also seeing signs of higher-than-expected demand for its DS  handheld device, a top U.S. executive said on Monday.
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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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How did Nintendo really do in the holiday quarter?
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Nintendo raises its sales target for the DS handheld  games console after strong early sales.
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Nintendo Co. Ltd. raised its 2004 shipment target for its DS handheld video game device by 40 percent to 2.8 million units on Thursday after many stores in Japan and
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Japanese stocks may rise after companies including Nintendo Co. and AOC Holdings Inc. raised their full-year earnings forecasts. ``Expectations of a strong Christmas sale season are
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Strong sales and lower production costs should boost Sony's take on game console, exec says.
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In a press release this morning, Nintendo issued a correction to a statement made the day before, asking readers to disregard just one sentence. That sentence, however, may have been the critical one: a promise that one million Wii game consoles would be available in the US before the end of this year.
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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's Wii game console outsold its competitors in January, keeping its lead against rivals Sony and Microsoft, according to new sales figures from analyst firm NPD.
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Japan's Nintendo Co. Ltd. struck the first blow in what is set to be an all-out war with Sony Corp. for the lucrative handheld game console market, aggressively pricing its new dual-screen model at &#36;149.99 and setting its U.S. launch date for Nov. 21.
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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 has revealed the companies plans to increase by 40% the number of Nintendo DS portable gaming systems shipping in the US before the end of the year.