Profits more than double at Nintendo
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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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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 says it has sold more than 600,000 of its new Wii consoles, since its launch eight days ago in the US.
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The company spends the big bucks on an acquisition that will double its annual revenues.
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The No. 2 grocer reports double-digit gains in sales and earnings after recent acquisitions.
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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 Nintendoâ Wii console and several new blockbuster games.
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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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Nintendo's new portable has a huge launch.
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The online retailer announced Tuesday that its second-quarter net income increased more than threefold, with revenue up 35 percent.
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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.
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Japanese game maker Nintendo Co. raised its earnings outlook for its fiscal first half, saying Monday a strong US dollar had helped its business.
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Nintendo raises its sales target for the DS handheld  games console after strong early sales.
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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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The companyâs third-quarter profit beat expectations, lifted by an extra week of holiday shopping and sales of video game consoles and GPS devices.
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Video-game chain GameStop Corp.'s second-quarter earnings rose on strong sales.
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The video game maker exceeded Wall Streetâs earnings expectations despite a 38 percent drop in third-quarter sales.
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Nintendo&#39;s runaway surprise hit, the Wii gaming console, continued its strong performance last month, particularly in the Far East. According to Reuters, research by the marketing firm Enterbrain showed that the Wii outsold the high-end Sony PlayStation 3 by a ratio of more than six to one. In the four weeks ending June 24, Nintendo sold more than 270,000 Wiis, compared to Sony&#39;s sales of just over 41,000 units. Microsoft&#39;s Xbox 360 was a distant third, with just under 18,000 units sold.