Nintendo earnings smile- almost double thanks to Wii

wii_japan.jpg If you have been tracking the figures on Nintendo then you will realize that their profits for the first nine months of the fiscal year nearly doubled from the previous year. This trust in profits is largely due to the success of Wii. Group net profit at Nintendo Co., which also makes Super Mario and Pokemon games, totaled 258.93 billion yen ($2.43 billion) for the nine months ended Dec. 31, up 96.3 percent from 131.92 billion yen for the same period in fiscal 2006. Another popular console from Nintendo is the DS Lite, which has introduced new games like brainteasers, virtual pets and cooking recipes. Nintendo said it expects to sell 18.5 million Wiis and 29.5 million DS machines for the fiscal year through March 31.

Wii has hit the competing PlayStation 3 from Sony Corp . and Xbox 360 from Microsoft Corp. hard. Nintendo claims that it has now sold more than 20 million Wii machines worldwide, 14.29 million of them during the latest three quarters. New Wii games, including "Wii Fit," " Super Mario Galaxy" and "Wii Sports," have also been a success.
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