Shrygue
April 5th, 2007, 18:42
via Games Industry (http://www.gamesindustry.biz/content_page.php?aid=24024)
Nintendo has raised it's full year sales estimates from JPY 900 billion (EUR 5.6bn) to JPY 966 billion (EUR 6.08bn), following tremendous sales and profit success lead by the DS handheld.
This is the fourth time the company has upped it's estimates for the year ended March 31, with actual profits due to be reported on April 26.
The company also expects foreign exchange profits to reach JPY 20 billion (EUR 125m), rather than the JPY 10 billion (EUR 62m) loss previously forecast.
Following the announcement shares outperformed the Nikkei average, closing at JPY 34,350, up 2.1 per cent.
Nintendo has raised it's full year sales estimates from JPY 900 billion (EUR 5.6bn) to JPY 966 billion (EUR 6.08bn), following tremendous sales and profit success lead by the DS handheld.
This is the fourth time the company has upped it's estimates for the year ended March 31, with actual profits due to be reported on April 26.
The company also expects foreign exchange profits to reach JPY 20 billion (EUR 125m), rather than the JPY 10 billion (EUR 62m) loss previously forecast.
Following the announcement shares outperformed the Nikkei average, closing at JPY 34,350, up 2.1 per cent.