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POSTED April 25, 1:32 AM

You might be excited about Nintendo's release of Mario Kart. Or maybe you're just happy that the upcoming Wii Fit will give you the leverage you need to convince your girlfriend that you should spend a few bucks on a new Wii. Or maybe you are a Nintendo stock owner and just want to roll around in your money.

It might be hard to believe recent reports, but it seems logical to me, that Nintendo is making lots of money.

In the past 12 months, the company reported that revenues were up 73 percent and profits up by 48 percent over last year. You don't have to have a finance degree to figure that this is good news for Mario and friends.

What's driving the growth? How about 30 million DSes and 18 million Wiis.

All this from a company that videogame fans were ready to write off as a nearing extinction dinosaur-style as recently as four years ago.

The moral of the story? Well, there's two. First of all, Nintendo is awash in cash. That means that they can continue to keep plugging away at the sorts of games that they like to make and, hopefully, take a few more chances. The other, don't count out Sony. Sure the PS3 has been a little lackluster since it's launch. But in the games business, tastes, and fortunes, seems to change over night.

Categories: Ninendo

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David Thomas
David Thomas is a nationally syndicated videogame journalist, critic and teacher. He co-authored the Videogame Style Guide and Reference Manual, so he knows that PONG is written in uppercase and that it wasn’t the first videogame. His current favorite game of all time is Rock Band.