Anilrgowda

President Satoru Iwata has gone on record with Reuters to say that the company expects to beat their own earnings forecast.

Nintendo expects profit in the business year ending March to grow 60.5% to 145 billion yen, with sales of 740 billions yen. This would be a 45% increase in sales.

According to Iwata,

"We had come up with the current earnings forecasts before we sold even a single unit of the Wii and when we were not so sure about the cannibalization effect between the Wii and the DS. Confidence could be too strong a word, but there is an emerging possibility (for higher earnings results)."

In other news Nintendo stocks continue to rise, as shown in the graph above.