Nintendo bucks economic gloom

Rudolph Muller

Rudolph Muller is the editor at MyBroadband and covers telecoms and broadband news. Rudolph comes from an academic background, but left the University of...

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Nintendo said its annual net profit rose 8.5% to 279.09 billion yen ($2.8 billion), helped by brisk sales of its Wii and DS consoles, easily beating its own forecast for earnings of 230 billion yen.

It said the video game industry had been less affected than most by the global economic downturn, despite a drop in consumer spending.

Nintendo finances discussion