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Post by Eorl @ 11:42am 29/01/15 | 2 Comments
While Nintendo has had some amazing games debut in the last year for their Wii U home console, the hardware continues to struggle with just 9.2 million units sold since its 2012 debut. That number however has not phased Nintendo's profits, with the company now expecting its first profitable full-year results since that fabled launch date.

The company confirms it has sold just 9.2 million Wii U consoles since the system's launch in 2012. Breaking that down, Nintendo saw sales of 1.91 million Wii U systems between October and December of last year, versus 1.95 million unit sales the year before during that same period. Nintendo has only managed to sell 3.03 million consoles since April of last year.

Despite the harrow numbers for the Wii U, Nintendo did sell 7.08 million "members of the 3DS family," and expects a further bump once the New 3DS launches in North America and Europe. Software sales for the 3DS during this period stands at 53.04 million units, while the recent releases of Mario Kart 8 and Super Mario Bros. for Wii U have helped push Wii U software sales to 20.59 million units.

Nintendo reduced its annual sales forecast by 6.8 percent today, leading to a 50 percent drop in the projected operating profit for its core business. Nonetheless, the ever-weakening state of the yen is balancing that out by boosting the company's overseas earnings.

According to its revised forecast, Nintendo now expects to earn a net profit of ¥30 billion for the fiscal year ending March 31, 2015, which converts to around $255 million. That's up 50 percent from the company's previous projections, and a sharp contrast to the $229 million loss posted the previous fiscal year.

In terms of the first three quarters of the fiscal year (April to December 2014), Nintendo posted net sales of ¥442.9 billion ($3.8 billion), down 11.3 percent from the year before. The company expects that figure to reach ¥550 billion ($4.7 billion) by the end of March, no doubt boosted by next month's launch of the New 3DS in North America and Europe.

Meanwhile, Nintendo posted a nine-month net profit of ¥59.5 billion yen ($505 million), up a massive 483.7 percent from the corresponding year's figure.

We can expect more on the future of Nintendo in their company results briefing taking place later today, however the future of Nintendo is definitely looking better than where it was the past few years.



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Latest Comments
Midda
Posted 12:22pm 29/1/15
They've been releasing consistently awesome games for a while now. As long as they keep that up, I don't really care what their marketshare is.
Herron
Posted 05:49pm 29/1/15
Yeah, it's amazing how popular and well received the Wii U games are. They are hard to find though.
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