{"id":110,"date":"2007-07-25T15:22:05","date_gmt":"2007-07-25T15:22:05","guid":{"rendered":"http:\/\/www.the-finance-zone.co.uk\/uncategorized\/gaming-firm-nintendo-profits-boosted-by-wii\/"},"modified":"2007-07-25T15:22:05","modified_gmt":"2007-07-25T15:22:05","slug":"gaming-firm-nintendo-profits-boosted-by-wii","status":"publish","type":"post","link":"https:\/\/the-finance-zone.co.uk\/index.php\/2007\/07\/25\/gaming-firm-nintendo-profits-boosted-by-wii\/","title":{"rendered":"Gaming Firm, Nintendo profits boosted by Wii"},"content":{"rendered":"<table width=\"152\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\" align=\"right\" class=\"MsoNormalTable\">\n<tr><\/tr>\n<\/table>\n<p style=\"margin-bottom: 0.0001pt; line-height: normal\" class=\"MsoNormal\"><span style=\"font-size: 10pt; font-family: \"Times New Roman\",\"serif\"\">Japanese game giant Nintendo has seen its quarterly profits rocket thanks to the popularity of its Wii game console.<\/span><span style=\"font-size: 10pt; font-family: \"Times New Roman\",\"serif\"\"> <\/span><span style=\"font-size: 12pt; font-family: \"Times New Roman\",\"serif\"\"><\/span><\/p>\n<p style=\"line-height: normal\" class=\"MsoNormal\"><span style=\"font-size: 10pt; font-family: \"Times New Roman\",\"serif\"\">Nintendo&#8217;s net profits hit 80.25bn yen (approximately \u00c2\u00a3323.9m) in the three months to June, up from 15.55bn yen in the same period a year earlier. <\/span><span style=\"font-size: 12pt; font-family: \"Times New Roman\",\"serif\"\"><\/span><\/p>\n<p style=\"line-height: normal\" class=\"MsoNormal\"><span style=\"font-size: 10pt; font-family: \"Times New Roman\",\"serif\"\">The Wii has been successful in reaching non-traditional gamers such as women and older players. Nintendo has also enjoyed strong sales of its DS lite console. <\/span><span style=\"font-size: 12pt; font-family: \"Times New Roman\",\"serif\"\"><\/span><\/p>\n<p style=\"line-height: normal\" class=\"MsoNormal\"><span style=\"font-size: 10pt; font-family: \"Times New Roman\",\"serif\"\">The company has now raised its annual profit forecasts by 40%. <\/span><span style=\"font-size: 12pt; font-family: \"Times New Roman\",\"serif\"\"><\/span><\/p>\n<p style=\"line-height: normal\" class=\"MsoNormal\"><span style=\"font-size: 10pt; font-family: \"Times New Roman\",\"serif\"\">Nintendo now predicts net profits will rise to 245bn yen for the year to March 2008, above the current forecast of \u00c2\u00a0175bn yen. <\/span><span style=\"font-size: 12pt; font-family: \"Times New Roman\",\"serif\"\"><\/span><\/p>\n<p style=\"line-height: normal\" class=\"MsoNormal\"><span style=\"font-size: 10pt; font-family: \"Times New Roman\",\"serif\"\">The company said it sold 3.43 million Wii machines worldwide in the April-to-June quarter, meaning that it had now sold 9.27 million consoles since its launch. <\/span><span style=\"font-size: 12pt; font-family: \"Times New Roman\",\"serif\"\"><\/span><\/p>\n<p style=\"line-height: normal\" class=\"MsoNormal\"><span style=\"font-size: 10pt; font-family: \"Times New Roman\",\"serif\"\">Nintendo is now expecting to sell 16.5 million Wii machines in the year to March 2008, up from a previous forecast of 14 million. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japanese game giant Nintendo has seen its quarterly profits rocket thanks to the popularity of its Wii game console. Nintendo&#8217;s<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[9,48],"tags":[],"class_list":["post-110","post","type-post","status-publish","format-standard","hentry","category-companies","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=110"}],"version-history":[{"count":0,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/110\/revisions"}],"wp:attachment":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}