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Nintendo expects to double profits this year

Blake Snow

Reuters reports that Nintendo believes they'll make a lot more money this year than even they expected. The company raised its profit estimates by 28% to $1.5 billion more than doubling its leftovers from the previous fiscal year. Nintendo also raised its total revenue forecast by 22%, increased its sales target of DS games by 15%, and is planning to sell 21 million Wii games on the year. And you probably already guessed it; mo' money problems were blamed on "the strength of the DS" and Wii that is "off to a flying start," as one analyst so aptly put it.

In this article: DS, Wii

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