Nintendo Posts Record Sales & Lubes Up Production, Wiis Coming
Today, Nintendo announced that the company has had a record year thanks to the continued success of the DS. Revenue and profits have soared by 90 percent and 150 percent,
respectively. The full year sales for Nintendo DS are now more than 23 million and the grand total for its lifetime is now beyond 40million with 123 million games sold! That's a lot by any standard and I'm so excited to see it doing increasingly well.
As for the Wii, in just five months of having been released, 5.48 million have been sold along with 29 million games. The company expects that 14 million Wiis and 22 million DSs will be sold for the new fiscal year, starting April 1, 2007. An ambitious number, Nintendo, especially for the Wii. Curious about how Nintendo would achieve such a number for the Wii given it's current production status, GamesIndustry.biz contacted Nintendo with that very question.
In speaking to GamesIndustry.biz, a Nintendo spokesperson has confirmed that production of the Wii is being ramped up to meet that projection:
"For the first three months of this year we have been producing one million hardware units per month. We are increasing the manufacturing capacity and forecast to ship 14 million in this fiscal year to our distributors and retail customers globally," the spokesperson said."We have put solid production plans in place to ensure a steady flow of product through 2007. We are constantly replenishing Wii supplies however with such high demand, stock is still flying off shelves so consumers should continue to be in touch with their local retailers to confirm when new stock is arriving."
When asked when the shortages could be expected to subside, the representative said that with such an unprecedented demand, that would be difficult to predict. Still, for those of you who still don't have a Wii and want one, just hold on...they are coming. If you would like to see the full numbers from Nintendo's financial report, just make the jump.
NINTENDO POSTS RECORD YEAR ON STRONG NINTENDO DS SALES, BREAKTHROUGH RECEPTION
FOR Wii
Nintendo Co., Ltd., today reported final consolidated fiscal year revenues
of 966.5 billion yen and operating profits of 226.0 billion yen for the year
ending March 31, 2007, an increase of 90 percent and 150 percent,
respectively, over the same period one year ago. Both numbers are record
highs for the company.
The results are due largely to full-year sales of more than 23 million
portable Nintendo DS(TM) systems globally, along with 123 million Nintendo DS
games. Since introduction, the Nintendo DS has now eclipsed lifetime sales of
40 million systems.
In addition, in less than five months since introduction, the company sold
5.84 million of its new Wii(TM) home video game systems globally, virtually
every one snapped up immediately by consumers, along with nearly 29 million
Wii games. Wii has taken a step toward becoming a cultural phenomenon,
appealing widely to both avid and previously disinterested game-playing
audiences.
For the fiscal year beginning April 1, 2007, Nintendo projects sales of
14 million Wii systems and 55 million games worldwide. The company projects
sales of 22 million Nintendo DS hardware unit sales and 130 million software
units sales. Nintendo forecasts consolidated sales increasing nearly 18
percent to 1.14 trillion yen, and operating profits growing nearly 20 percent
to 270 billion yen.
All financial projections are based on an anticipated ratio of 115 yen to
the U.S. dollar, and 150 yen to the euro. Using this estimate, recurring and
net profits for the year are projected to be flat in anticipation of a foreign
currency reevaluation loss.
Super Timsy
Posted to Video Games on 26 April 2007
Other stuff like this: DS, Nintendo, Nintendo Financial Report, Wii
