A Wii Bit Of Luck For Nintendo

Forbes Reports: "The Iphone-esque hype that Nintendo has managed to generate over the Wii is helping propel it to the very top of the videogame world.

A day after PlayStation 3 maker Sony reported a 50.0% plunge in profits, sales of the Wii gaming platform spurred Nintendo to a 34.0% rise in net profits.

Nintendo shares closed up 2.3%, at 56,887.00 yen ($527.71), in Tokyo on Wednesday, after the firm said that net profits for the quarter rose to 107.3 billion yen ($995.3 million), which was in line with analyst expectations."

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