The Video game Wii boost Nintendo net worth Internationally

The Video game Wii boosts Nintendo net worth Internationally

Nintendo , which competes with Microsoft Corporation and Sony Corporation in the global videogame industry , currently holds the leading position both in the console and the portable game markets Having shipped more than 20 million consoles , Nintendo Wii is already wiping the floor with both Sony PS3 (10 .5 million ) and Microsoft Xbox 360 (18 million (Beer , 2008 . Despite the current worldwide economic slump , the game industry appears to be "recession-resistant " with videogame console software sales for March 2008 of 945 .6 million , up

63 from the same month last year while overall hardware sales jumped 46 to 551 .3 million according to data released from the NPD Group . The combined hardware and software (including PC ) sales were up 50 year-over-year . The Wii console lead the way , with more than the combined sales of the two rival consoles , hitting 721 ,000 units in March compared to 432 units the month before . During March , the Xbox 360 moved 262 ,000 units - up 3 from the prior month while the PS3 's sales fell slightly to 257 ,000 units from 280 ,800 units the month before

The current dominance of Wii is largely due to the launch of "Super Smash Bros : Brawl " a fighting game exclusive to the console that sold a whopping 2 .7 million units during the month in North America . Also the success of "Super Smash , the top-selling title for the month made it a double-barreled month for Nintendo , which is also the publisher of the popular game . The company also benefited from continued strong sales of its "Wii Play w / Remote " a sports game that comes packed with an extra wireless , motion-sensor controller . That game sold more than 409 ,000 units for the month . Nintendo also saw strong sales for its handheld DS device , which moved 698 ,000 units compared to 587 ,600 units the month before (Gallagher , 2008

Nintendo Corporation reported a 48 increase in its annual net profit as its Wii videogame console and DS portable-game device continued to sell strongly , but it set a conservative forecast for this fiscal year as a stronger Japanese yen reduces the value of overseas sales . The Japanese videogame maker said its net income for the year ended March 31 rose to 257 .3 billion yen 2 .49 billion , compared with 174 .3 billion yen a year earlier . more Wii and DS devices than it expected (Kane , 2008

Nintendo Co Ltd zipped past 10 trillion yen 85 billion ) in market value on blistering demand for its red-hot game machines , having almost tripled in value since launching its new Wii console late last year Nintendo is now Japan 's third-most valuable listed company behind automaker Toyota Motor Corp and Mitsubishi UFJ Financial Group , Japan 's largest bank , and analysts see the game machine maker 's shares setting more high scores . The popularity of Nintendo 's Wii videogame console and DS portable game machine have catapulted the once struggling brand past Sony Corp 's...