If Nintendo’s Wii is still considered a fad by its detractors, it’s one of the most profitable "fads" of all time. Nintendo has made a cool $1 billion profit this first quarter and has sold almost 30 million Wiis with no end in sight.
Nintendo’s parking lot must be filled with Ferraris.
Reuters said, "April-June operating profit at Nintendo, creator of iconic game characters such as Mario and Zelda, rose to 119.19 billion yen ($1.10 billion) from 90.63 billion yen a year earlier. Since the November 2006 launches of the Wii and PS3, shares in Nintendo have more than doubled while Sony shares lost 12 percent. At $76 billion, Nintendo’s market value is now twice as big as Sony’s."
Sales for the DS were slightly down .04 million as "only" 6.94 million units were sold. To date, there are over 77 million DS units worldwide.
With the powerful one-two punch of the DS and Wii, the Nintendo juggernaut continues to steamroll its way over and past the competition.
But as industry watches have noted, the Wii bubble could burst if Nintendo doesn’t put a halt to what many are saying is an overabundance of shovelware titles. Remember, Sony was once the undisputed leader at one time too.
[via kombo.com]
