Nintendo says: "Wii are Rolling in Money!"

From the Asahi Shimbun: GAMES: Nintendo '07 sales to top 1.5 trillion Yen

     Nintendo Co. said Thursday that its popular Wii and DS videogame consoles will lift its consolidated sales to 1.55 trillion yen for fiscal 2007, 10.7 percent more than its earlier estimate.

     The company's group sales for the year ended March were 966.5 billion yen.

     Nintendo on Thursday reported a consolidated net profit of 132.4 billion yen on sales of 694.8 billion yen for the six months through September.

     Net profits increased by 2.4 times from the same period the previous year, and sales by 2.3 times.

         The Nintendo DS handheld game player sold a record 13.35 million units during the six-month period.

     Accumulated sales of Wii game consoles totaled 13.17 million units at the end of September, with 72 percent of that in overseas markets.

  Nintendo continues to rake in cash from the Wii and DS, while Sony continues to slash prices on the PS3.  Sony is suffering not only from the PS3's higher price point but continued support for the PS2 from software companies, with many games for the PS3 being released for the PS2 at the same time.  If Sony wants to climb back to the top it is going to take more than price cuts to convince people to put aside their PS2's in favor of PS3's.  Unfortunately for Sony I have zero ideas as to how they can do that.

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