Nintendo is on course to sell 100 million Nintendo DS game and 21 million Wii games during the current financial year.
Bloomberg reports that Nintendo has today raised its sales forecast for the Nintendo DS this financial year (ends March 31) by 15%. The platform holder now expects sales of the dual screen handheld to reach 23 million units, with software sales up 22% to 100 million units.
Wii software sales have also received a revised forecast, with a rise of four million from 17 million to the new estimate of 21 million. Nintendo's six million target for Wii console sales remains unchanged.
"Nintendo is going like gangbusters, and the Wii consoles are selling like hotcakes...They have momentum, and I think you can expect them to surpass earnings estimates for the next year or two," said Edwin Merner, president of Atlantis Investment Research Corp. in Tokyo. "They are bringing a lot of software into the market and that is where they are going to make the money, not on the consoles."
According to recently published figures, The Nintendo DS was the most popular gaming device in Japan in 2006, selling an impressive 7.53 million units. Sony's rival, the PSP, managed only 1.95 million sales. Software sales in Japan were also dominated by the Nintendo DS, with eight of the ten best selling games in 2006 belonging to Nintendo's handheld.
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