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Friday January 26, 2007 12:15 am

Nintendo Flys High On Wii, DS Sales

Wii Nintendo today reported its nine-month financials for the fiscal year; sales for the nine month period are up 73%, with a profit increase of 43%, according to an Associated Press report. Gross sales grew from 412 billion yen to 713 billion yen ($5.9 billion) for this year; profit grew to 132 billion yen ($1.1 billion) from 92.2 billion the previous year. Nintendo sold 3.19 million Wii consoles worldwide, and said that they shipped 4 million, leaving roughly 800,000 units in distribution channels. The company’s decision to avoid costly air freight probably hindered their distribution efforts. Nintendo also estimated that the Wii strap recall would cost the company approximately 1 billion yen, about $8 million. Nintendo also announced that they had sold 18.9 million DS handhelds worldwide, and in a related press release Nintendo of America announced that they have shipped 10 million handhelds in “the Americas.”

Read More | BusinessWeek

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