Nintendo last raised its profit forecasts for the fiscal year in October, when it adjusted its estimates upwards based on better than expected sales of the Nintendo DS. Recently, Satoru Iwata hinted that another adjustment might be in the future. Today, Nintendo of Japan again raised its profit forecasts by 20% to 120 billion yen, again based on stronger than expected sales of its DS console. The DS and software just continues to surge in popularity; a report on Bloomberg News indicates that the company now expects to sell roughly 23 million DS consoles for the fiscal year with related software sales of 100 million. While Nintendo did not raise its Wii sales projections, the general belief is that the only reason this was not adjusted upwards is that the company does not believe it can manufacture any more units. Overall, the success of the DS worldwide has been nothing short of amazing, allowing Nintendo to build up a war chest for the console wars.
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