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Last Updated: Thursday, 24 January 2008, 13:28 GMT
Wii and DS drive Nintendo profits
Nintendo's Wii
Nintendo has raised the sales forecast of the Wii
Profits at video games giant Nintendo have soared, boosted by booming sales of the Wii games machine.

Nintendo reported a third-quarter net profit of 126.5bn yen ($1.18bn, 604m), up 63% on last year.

Nintendo's Wii outsold rival machines from Microsoft and Sony in 2007 and the company raised its sales forecast for the current financial year.

Nintendo's biggest hit is the hand-held DS machine, which was last year's best selling games system.

Hit products

The company also raised its annual sales forecast for the DS to 29.5m units.

To meet demand, Nintendo twice raised production of the Wii last year, but shops still sold out over the holiday period.

It expects to sell 18.5 million machines in the current financial year.

But analysts are already wondering if the company has other hit products in the pipeline.

"Solid results, but the market's attention is already on the year ahead. I would like to see how the firm will maintain its growth for the next several years," said Takeshi Osawa, a senior fund manager at Norinchukin Zenkyoren Asset Management.

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