Nintendo Returns to Profit for First Half of Year
The manufacturer of the Wii and DS recorded a profit of $6.1 million from April to September, compared to a loss of $284 million for the same period last year.
TOKYO – Nintendo recorded a profit of $6.1 million (¥600 million) for the first half of its financial year, returning to the black after a loss of $284 million in 2012, despite a 2.2 percent decline in revenue.
The gamemaker's results were boosted by strong demand for software titles such as Legend of Zelda: The Wind Waker HD and Pikmin 3, but sales for the Wii U console continued to come in below forecasts, clocking up only 460,000 units worldwide despite price cuts.
For the portable 3DS console, game titles Animal Crossing: New Leaf, Donkey Kong Country Returns 3D and Tomodachi Collection, registered strong sales, but the 3DS itself shipped an unspectacular 3.9 million units globally.
Looking at operating results, often seen as a better indicator of underlying business performance, Nintendo remained in the red with an operating loss of $236 million (23.2 billion yen). But it narrowed that figure from the $297 million (29.2 billion yen) loss recorded during the same period in 2012.
The Kyoto-based gamemaker maintained its sales forecast of 9 million units of the Wii U for the full financial year that ends in March.