What Recession? Nintendo Set to Post Record Profit

With strong sales of the Wii, DS and top selling software, analysts anticipate Nintendo will post a record operating profit of $5.3 billion (yes, with a “b”) for their fiscal year which just ended on March 31st.

With their competitors reeling  (Sony is expected to post record losses), combined with the phenomenal launch of the DSi, which sold an incredible 600,000 in the US and Europe in its first weekend, Nintendo is in a position few other companies can claim: cash rich, sales continuing to rise and a hot new product that will ensure continued success through 2009.