Nintendo releases Q1 sales results, thinks it's not going away
It should come as no surprise to any of our readers that the Wii is selling pretty well, hindered almost solely by its own production problems. Today, Nintendo confirmed any suspicions in announcing its Q1 sales figures -- 3.43 million Wiis sold since the beginning of April, bringing the running worldwide total to 9.27 million. In light of the greater than expected success, it also upped its forecast for the entire year's Wii sales, now predicting to sell upwards of 16.5 million Wiis by April 2008. What do you think? Can it be done?
And what do you get when you remove those pesky production constraints? The company also confirmed nearly twice as many Nintendo DS' sold in the same period (nearly 7 million), and it now thinks it can sell another 19 million this year. Between the two systems and the confirmed million sales of both Super Paper Mario and Mario Party 8 (and a couple little guys named Diamond and Pearl), Nintendo verified it's reaping windfall profits on the order of $666 million in just three months, an increase of 416% over last year. Some out there may think the company's recent success isn't going to last, but Nintendo certainly believes otherwise.
