Nintendo ups its profit forecasts

Ian Rowley

Nintendo's new Wii console won't go on sale until November, but that's not stopped the company upping its profit and sales forecasts. Today, Nintendo said it's raising its net earnings projection for the year ending March 2007 from $703 million yen to $847 million. It's also raised its sales plan 17% to $5.25 billion and signaled it will boost dividends.

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