Nintendo has just released its financial results from this year's first quarter (April - June) and has surprised nobody by revealing its making truckloads of money.
Advertisement:
The company's quarterly profit rose by 31.5 percent since last year, from 90.63 billion yen a year earlier to 119.19 billion yen. That's roughly 500 million pounds.
Sales of the Wii have jumped by 51 percent since Q1 2007 to 5.17 million units since April. In the same quarter, PS3 sales reached 1.56 million units and Xbox 360 shipments hit 1.3 million units.
In fact, the only dark cloud in Nintendo's report reflected the slow-down for DS demand. Sales dropped from 6.98 million to 6.94 million. 40,000 people is hardly something to get worked up over, though. Maybe it's because almost everybody on the planet now has one, or at least has access to one.
Predictably shares in Nintendo have gone up since the announcement. With a market value of $76 billion, Nintendo's value is now twice that of Sony's say Reuters.
