Matti Robinson
5 Apr 2006 1:30
The last year has produced Nintendo the largest profit for Nintendo since 2001. The net income of 95 billion yen or $807 million which is an 8,7% rise from the last year, much more than Nintendo had in their forecasts. In Nintendo's reports there were two main reasons for this huge improvement, weak yen which allowed Europe and US sales to boost more than usual and the comet of portable gaming, Nintendo DS.
As Nintedo DS was to be released in 2004, many were suspicious about this future phenomenon. "The so-called "innovative machine" was unlike anything that had been seen before, and a lot of detractors laughed off its dual screens as a gimmick." After selling over 5 million units in Japan alone, it's easy to say that it was worth the dual screens.
This also meant that the company's per-share payout rose from estimated 270 to 370 yen ($3.15).
Source:
GameSpot
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