Nintendo Profits Hit Four-Year High

Nintendo profits hit four-year high, propelled by strong DS sales

Financial outlet Bloomberg is reporting that Nintendo's annual profit has hit a four-year high, propelled by strong sales of the Nintendo DS and gains in the dollar.

Bloomberg reports that Nintendo's net income jumped by 8.7 percent to $808 million. This is despite the company's full-year revenue drooping by three percent, meaning that the company was much more profitable on the income it did take in. That's good news for Nintendo.

One interesting aspect of the report is that Bloomberg refers to Nintendo as "the world's biggest maker of handheld video-game players," (emphasis ours) a label that Nintendo is increasingly attracting. The company's GameCube console has not sold particularly well, but the Nintendo DS has beat expectations and the company's Game Boy Advance continues to enjoy huge success.

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