Nintendo (OTC: NTDOY.PK) reported group net profit of 174.29 billion yen ($1.47 billion) in the year through March, that’s remarkable considering last year they brought in 98.38 billion yen (a 77% increase isn’t so bad). Shares of NTDOY have just passed the $40 mark.
Its no surprise America, it’s that wonderful Nintendo Wii that is winning the console war against Sony’s (SNE) PlayStation 3 and Microsoft’s (MSFT) XBOX 360. Of course it helps that the Wii is the cheapest of its competitors but it’s not just about the price. It’s the gaming experience my friends.
Nintendo took a huge gamble with the "Wiimote", hoping that players would want to physically participate when playing video games. That gamble paid off with kids, women, and basically everyone taking to the wireless remote like Pong in the 70’s. The Wiimote can be used as a sword, tennis racket or fishing rod depending on the game. That’s a far cry from say, this…
Just tell me you don’t hear the sound effects when remembering that screen?
Doot, Doot,….Doot,….Doot.
And the Wii has got game – "Super Paper Mario" is just one of the Wii games that is turning out to be a big seller and big hit in Japan selling 144,000 units this past week.
It only gets better with Nintendo predicting a 0.4% increase in group net profit to 175 billion yen ($1.47 billion) for the next fiscal year and tack on an 18% rise in sales to 1.140 trillion yen ($9.58 billion).
The Playstation 3 and XBOX should be afraid, very afraid. Then again, I’d be more afraid of this 2,000 lb. monster:
Frank Lara Jr.
April 26, 2007
Frank Lara Jr. can be reached at [email protected]; he does not own securities in the companies he covers.
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