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Thursday, January 24, 2008

Nintendo's Cash Chest



Nintendo just released details that the company is being flooded by an excess of cash. Officals at the big N has released thier financail results for the last nine months ended December 31st. Nintendo saw a net sales increase of 84.7 percent on the same period last year.

Despite the massive demand for the Wii and the hardware stock problems, Nintendo saw net sales rise to 1.32 trillion yen($12.36bn) over the last nine months. Their operating income rose by 135.1 percent to 394.0 billion yen($3.69bn) and net income rose by a mind boogling 96.3 percent to 258.9 billion yen ($2.42bn)



Nintendo has raised its net sales forecast for the full year to ¥1.63 trillion ($15.27bn) – as predicted earlier by Wedbush Morgan analyst Michael Pachter. The company’s net income forecast remains the same at ¥275.0 billion ($2.58bn).

The company also released detailed worldwide hardware and sales information, with the Nintendo DS now having sold 64.79 million units worldwide, of which 21.66 million have been in Japan, 20.18 million in North and South America and 22.94 million in the rest of the world.

Software sales for the Nintendo DS have hit a total of 330.87 million, with 108.46 million sold in Japan, 109.16 million in North and South America and 113.25 million in the rest of the world. As a result, the Nintendo DS’s attach ratio of software to hardware can be calculated at 1:5.1 on a worldwide basis.

Hardware sales for the Wii now total 20.13 million, with 4.99 million consoles sold in Japan, 8.85 million in North and South America and 6.30 million in the rest of the world.

Software sales for the Wii are currently at 113.19 million worldwide, with 16.83 million units sold in Japan, 60.90 million in North and South America and 35.46 million in the rest of the world. This gives the Wii a worldwide attach rate of 1:5.6 – this is more than the Nintendo DS but it does include bundled Wii Sports sales from the West in the software sales total.

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