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Nintendo's Profits up 77%
Company reaches "record highs" thanks to DS and Wii.
by Rob Burman, IGN UK

UK, April 26, 2007 - Nintendo of Japan has announced that profits in the last financial year have jumped by a staggering 77% thanks to strong sales of both the Nintendo DS and Wii.

Nintendo reported a group net profit of 174.29 billion Yen ($1.47 billion) in the last fiscal year, a huge profit rise 98.38 billion yen compared to a year earlier.

Sales of consoles, particularly the DS and Wii, rose by 90% to 966.53 billion Yen ($8.13 billion), compared to 509.25 billion Yen for the same period last year.

More than 23 million DS systems were sold, along with 123m games. Since its release in 2004, the DS has sold 40m units worldwide. Meanwhile, although it was only released at the end of 2006, the Wii put in a strong showing, selling 5.84m units worldwide and 29m games.

For the next financial year Nintendo projects sales of 14m Wii consoles, along with 55m games. Nintendo expects to shift 22m DS units and 130m DS games.

A spokesperson for Nintendo said: "Wii has taken a step toward becoming a cultural phenomenon, appealing widely to both avid and previously disinterested game-playing audiences."
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