Thursday, 25 October 2007

Wii Doubles Nintendo's Profits

Wii has enabled Nintendo to double its profits in six months. It outsolf Playstation 3 and Xbox 360.

Nintendo made a net profit of £506m this year compared to £230m last year. They have sold 13.4 million consoles.

Earlier this week, Nintendo's Wii Sports swept the board at the 2007 British Academy Video Games Awards in London.

The games package won awards in categories such as gameplay, strategy and simulation, innovation and sports.

Nintendo has upped the number of Wii consoles it expects to sell in the year to March from 16.5 million to 17.5 million.

Demand has been so high that the Japanese firm has had supply difficulties. It is thought that it will take another year before the firm can ramp up production to meet demand.

Separately, Sony, which has cut the price of its Playstation 3 to try to win back sales in the run-up to Christmas, said that strong sales of televisions and cameras had offset losses in its video games division during the July-to-September quarter.

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