Nintendo makes boatloads of money during fiscal Q1 [update]

by Candace Savino { Jul 30th 2008 at 3:00PM }

To the surprise of, well, no one, Nintendo had a pretty stellar first fiscal quarter of 2008, raking in a net profit of nearly 1 billion dollars (107.2 billion yen). Wii hardware was responsible for $5.17 million of that profit, which is an increase of almost $1.75 million from last year's fiscal Q1. Meanwhile, Wii software raked in $40.41 million (up $24.42 million).

Mario Kart Wii and Wii Fit were part of the reason for this software success, since in the quarter Wii Fit sold 3.42 million copies and Mario Kart sold a whopping 6.42 million units. And, if you weren't yet convinced that Nintendo deserves the "printing money" meme, the company is projected to bring in a net profit of about $3 billion dollars for the year.

We don't know about you, but our own wallets and bank accounts are growling with envy.

Update: Fixed some typos. Thanks for the heads up, Sonic_13!

[Via NeoGAF]

Tags: business, finance, fiscal-quarter, fiscal-results, mario-kart, mario-kart-wii, money, q1, wii-fit

Reader Comments (Page 1 of 1)

Airen @ Jul 30th 2008 3:03PM

Uh, for Wii Fit and Mario Kart, those are units sold, not dollar figures.

Maattp @ Jul 30th 2008 3:23PM

Is this a typo. As far as I can tell 5.17 million and 40.41 million dollars doesn't even come close to 1 billion. Where is all the other money being made? DS?

BlackPeregrin @ Jul 30th 2008 5:11PM

Well, this is Wii fanboy. They're obliged to talk about the Wii.
The DS is another story. That's for DS fanboy to talk about.
They just decided to focus on the main numbers. Everythign else was probably scattered.

Sonic_13 @ Jul 30th 2008 7:41PM

There are dollar signs on a lot of figures that actually represent units sold.

Nathew @ Jul 30th 2008 3:44PM

wow. did anyone else read that as "battletoads" at first?

PhoenixGeek @ Jul 30th 2008 4:06PM

There is an error in this, the actual statement says that the 5.17 million and 40.41 million are units sold, not cash value. So if you take the amount of units sold and multiply it by the profit that Nintendo sees on each unit I'm sure it comes out to a generally awe inspiring amount of money.