Nintendo Operating Profit Up 39 Percent
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Japanese video game maker Nintendo Co. Ltd. reported a 39.1 percent rise in operating profit for the first half on Thursday and raised its sales target for a new, keenly awaited portable game player.
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Nintendo Co. said Thursday its net profit nearly doubled in the nine months to December and it lifted its full-year revenue forecast on strong global sales of its game consoles including the Wii.
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Nintendo Co., the world&#39;s biggest maker of hand-held game machines, raised its shipment forecast for its new handheld console by 40 percent for this year on demand from the US and female gamers in Japan.
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Shipments of Sanyo Electric Co. Ltd.&#39;s Eneloop ready-to-use rechargeable battery will soon hit 30 million thanks in part to the popularity of Nintendo Co. Ltd.&#39;s Wii games console.
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Video game retailer posts strong results leading into holiday quarter.
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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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Company says sales of the handheld gaming device are much better than expected.
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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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Microsoft Corp. said its fiscal first-quarter profit rose 23 percent compared to last year, bolstered by brisk sales of the new "Halo 3" video game, Windows and Office.
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The electronic products maker said Thursday that its net income in the third quarter rose 25 percent to 200.2 billion yen ($1.9 billion).
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Fast-food chain Wendy&#39;s International Inc. on Thursday posted a 4 percent rise in third-quarter profit and met Wall Street expectations, helped by strong same-store sales growth at its Wendy&#39;s and Tim Hortons restaurants.
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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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Sony 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 Co. said Thursday profits more than doubled in the six months to Sept. 30 on the roaring success of its hit Wii and Nintendo DS game consoles.
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Japanese game maker Nintendo Co. Ltd. raised its full-year net profit forecast by 20 percent on Monday, citing a stronger dollar and solid demand for software titles for its handheld GameBoy Advance machine.
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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 Co. Ltd. (7974.OS) zipped past  Sony Corp. (6758.T) in market value on Monday and became one of  Japan&#39;s top 10 issues for the first time, as it elbows the  PlayStation maker out of its decade-long dominance of the game  industry.