Nintendo posts record profit gains on the strength of the DS and Wii in their fiscal year 2006 report.

Nintendo has today reported final financial year revenues of 966.5 billion yen and operating profits of 226.0 billion yen for the year ending March 31, 2007, an increase of 90 percent and 150 percent, respectively, over the same period one year ago. Both numbers are record highs for the company.

The results are due largely to full-year sales of more than 23 million portable Nintendo DS systems globally, along with 123 million DS games. Since introduction, the DS has now eclipsed lifetime sales of 40 million systems.

In addition, in less than five months since introduction, the company sold 5.84 million Wii systems globally, virtually every one snapped up immediately by consumers, along with nearly 29 million Wii games. Wii has taken a step toward becoming a "cultural phenomenon, appealing widely to both avid and previously disinterested game-playing audiences", according to Nintendo..

For the fiscal year beginning April 1, 2007, Nintendo projects sales of 14 million Wii systems and 55 million games worldwide. The company projects sales of 22 million Nintendo DS hardware unit sales and 130 million software units sales. Nintendo forecasts consolidated sales increasing nearly 18 percent to 1.14 trillion yen, and operating profits growing nearly 20 percent to 270 billion yen.

Record highs? Good news indeed!