Nintendo GameCube Profits Double

The low price point of the GameCube system coupled with the launch of several key software titles, help double the profits on the once-ailing console.

“The Kyoto-based company reported net income of 22.6 billion Yen for the three month period ended June 30th, almost twice the 11.5 billion Yen figure which was reported in the same quarter last year.

Shipments of the GameCube during the quarter stood at 650,000 units, compared with 80,000 units a year previously, while 2.3 million units of Game Boy Advance hardware were shipped in the quarter. Despite this, revenues from hardware sales dropped by 13 per cent year on year to 39.5 billion Yen due to lower price points.”

We love to see news like this. Nintendo, once the predominant game maker has seen troubling times as game companies Sony and Microsoft continue to dominate the gaming market. Nintendo thinks their DS portable gaming system will continue to prove Nintendo will remain the market leader in the handheld gaming market.

Read more at Gamesindustry.biz