To say that Nintendo wasn’t expecting their wild success over the holiday season may be a bit of an understatement, but it appears to be apt. The Wii performed very well in stores, so well that it is and has been sold out for quite some time now without much sign of slowing down. The biggest surprise, to me and quite a few other people, was the spectacular performance of the Nintendo DS, which was and still is sold out as well. Everything has gone so well, in fact, that Nintendo has revised its profit forecast.
Nintendo (TSE: 7974) has revised its forecast to 120 billion yen from an earlier estimate of 100 billion yen. This, in fact, affords Nintendo to pay out higher dividends this year than last, to the tune of 480 yen per share up from last year’s 390. It’s good to be Nintendo.