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Iwata: Wii Sales Not Harming DS

The Wii's strong debut has been a wellspring of recent good news for Nintendo, most recently with a near-sellout in Japan. However, some analysts felt that the "new-gen" console's success would come at the expense of the Mario factory's best-selling DS handheld. The logic was that consumers with limited budgets would have to choose between the two this holiday season.

Such worries do not apparently weigh on the brow of Satoru Iwata, Nintendo's president. "Some analysts say the largest rival of the Wii is the DS," he told the Reuters news service. "But if you take a look at DS sales in the United States in the Thanksgiving week or DS sales in Japan in the week of the Wii launch, there has been little impact."

By the end of its fiscal year on March 31, 2007, Nintendo now believes it will have sold 6 million Wiis and 20 million combined units of the DS and DS Lite. It currently predicts its annual profit will total 145 billion yen (around $1.26 billion), an increase of more than 60 percent, with annual sales rising 45 percent to 740 billion yen (approximately $6.44 billion).

Iwata told Reuters that he believes there's a chance that Nintendo will top its already rosy outlook. "'Confidence' could be too strong a word, but there is an emerging possibility," said Iwata regarding Nintendo beating its forecast. "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."

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gamespot.com
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Syko3696d ago (Edited 3696d ago )

I just wanted to post this story because of the fact that Nintendo is on pace to make $6,500,000,000! Thats just SICK! With that kind of scratch Nintendo will start making Chips they put in your head for full Virtual Reality games in 5-6 Years. At the very least they will come out with the greasest leap in console gaming since the Atari to NES leap. Because when you think about it this is all nintendo does is make video games and they look focused and ready to kill in the near future. They learned from their arrogance after the 64 bombed, and now I think they have a good handle on what consumers want, As opposed to Sony who wanted to make the Okama Gamesphere because they figured people would buy it no matter what! Sony will understand soon why Nintendo's reign only lasted two consoles and how hard it is to regain credability with gamers after you release a Mediocre system with HORRIBLE dev support. I am definetly rooting for a Nintendo comeback just cause they understand Video Games and Gamers the best of all 3 companys, (After the fans gave em' a lil kick in da ASS!)