Nintendo’s 2007 profits almost double fiscal 2006

via Engadget by Paul Miller on 1/24/08

While a few companies have posted some hefty earnings this year, it’s hard not to be impressed with the sort explosive growth Nintendo — a 100 or so year old company — has seen in 2007. Profit for the nine months leading up to December 31st was $2.45 billion, up 96.3 percent from the same timespan in fiscal 2006. Naturally a huge chunk of that is the 20 million Wii consoles sold, 14.29 million of those in the last three quarters, and the related software title, but it’s pretty clear that the DS continues to shine, with 24.5 million sold in the last nine months, and most likely a higher per-unit profit. Nintendo shares are down 2.4 percent in Tokyo.

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