Despite the fact that many perceive Nintendo to be on the downturn in the video game industry, enthusiasts of the popular company will be happy to hear that the latest news is of exactly the opposite. The latest release of financial statements from Nintendo shows that the company has actually seen growth rather than any sort of decline.

According to the company's financial statements, the consolidated net profit for October-December rose to 55.56 billion ($479.7 million) as compared to 21.3 billion for the same period last year. For the nine months ending December 31st, the company posted a net profit of 92.2 billion ($801 million) up from 67.8 billion for the same time frame in the previous fiscal year, a 36% increase.

However, news like this still doesnt sway people like the CEO of 3D Realms, Scott Miller, who says, "My prediction for this new round of consoles is that the Xbox 360 and PS3 will wind up about equal in terms of sales, with Nintendo's Revolution coming in a distant third," Miller writes. "Perhaps this will be the last console from [Nintendo]."

Will the Nintendo Revolution truly be Nintendos last console or are they just ingenious and we havent realized it yet? According to the stats, Nintendo might really know what they are doing after all.