| Iwata Confident Nintendo Will Beat Its Earnings Forecast |
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| Written by EDFACTOR | ||||
| Wednesday, 06 December 2006 | ||||
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Well it looks like Nintendo is throwing modesty out the window. Judging by its numbers after the Japanese Wii launch, Nintendo President Satoru Iwata claims that the company has a good chance of beating its own earnings forecast. Nintendo expects its profit, in the business year ending next March, to 60.5 percent to 145 billion yen on sales of 740 billion yen (an increase of 45 percent).
"We had come up with the current earnings forecasts before we sold even a single unit of the Wii and when we were not so sure about the cannibalization effect between the Wii and the DS," explained Iwata. "Confidence could be too strong a word, but there is an emerging possibility (for higher earnings results)." According to Enterbrain's Famitsu Marketing Flash Report, an estimated 372,000 Wii units were sold during the first two days in Japan. And the top selling game? You might be surprised to find out that it wasn't Zelda (145,068 copies.) Wii Sports, which is not bundled with the Wii in Japan, was crowned champion with 176,880 copies sold. Read more from GameDaily.
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