EON

Boston (EON) – Nintendo has made a bold move and raised its profit forecast by more than 40% for the year after huge sales from both the Nintendo Wii and DS.

Nintendo revealed some very impressive increases in pre-tax profits of 131,449m yen for the three onths to the end of June. This is up from 32,670m yen one year ago at the same time.

Net sales more than doubled as well in the same period to 340,439m yen up from 130,919m yen in 2006.

This shows just how much momentum Nintendo has behind them at this point as they continue to bury their rival Sony and the PlayStation 3.

The pre-tax profits for the year to end March 2008 are expected to coem in at 410,000m yen up 41.1% on its previous forecast of 290,000m yen.