Nintendo Profits Rise 77%

"Massive demand for Nintendo's Wii games machine and soaring sales of its DS console have brought record profits for the Japanese firm. Its net profits grew 77.2% to 174.3bn yen (£731m; $1.4bn) in the year to 31 March, while sales surged 90%.

Nintendo had been struggling against rivals Sony and Microsoft until its new innovations revitalised its business. It said it sold 23.56 million handheld DS consoles, and was hoping to sell a similar number this year. The Kyoto-based firm added it aimed to sell 14 million Wii consoles in 2007/8, up from 5.84 million in the year to March."

Great news for Nintendo, with the Wii still with a huge demand and DS still selling like hot cakes, you can be sure that 2007/2008 will be even better for Nintendo.