Nitendo

Nitendo has seen a rise in profits by 8.4% this past quarter. According to BBC; it made just under 279.1bn yen (£1.85bn) for the financial year ending 21 March 2009, up from 257.3bn yen the previous year. Nitendo saw profits of a 47.7% rise in the last financial year. This is a huge success and good information for us. Even though we are in a recession, people are still buying technology driven products. Consumers need to keep spendign as this is one way we will slowly retreat from the recession into a growth period again. Sony and Microsoft announced they will be making job cuts. In tough times, the strongest survive. Nitendo has been around for generations. I am glad to see that they will see growth hopefully for the future quarters to come during 2009.