Nintendo Earnings Soar on Wii Sales

Nintendo profits surged in the last nine months of 2007, as the venerable gaming giant rode the huge success of the Nintendo Wii and Nintendo DS sales to a huge numbers. Bloomberg News reported that Nintendo reported a 63 percent jump in profit, based on net income of $1.2 billion. The company’s operating profit for the third quarter only was $1.93 billion.

The numbers were for the nine-month period, which ended Dec. 31, a common reporting method in the Japanese market.

The company responded to the numbers by raising its Wii sales forecast, to 18.5 million units, despite the slowing economy.