Iwata aims for "Nintendo-like" profits

Satoru Iwata says Mario maker is striving to return to historical profits for year ending March 2014 through "brand-new and unique proposals."


Super Mario 3D World

Nintendo president Satoru Iwata has high hopes for the company's future. As part of the company's 2013 annual report, Iwata acknowledged its latest financial loss, but said sunny days are ahead for the Mario and Zelda company.

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"Nintendo posted an operating loss for the fiscal year ended March 31, 2013. However, we strive to regain 'Nintendo-like' profits for the fiscal year ending March 31, 2014 by providing many people with fascinating games and services," Iwata said.

"We continue to make brand-new and unique proposals, and make efforts for the growth of the home entertainment industry with a mission that is to pleasantly surprise people and put smiles on the faces of everyone Nintendo touches," he added.

The Wii U has struggled at retail thus far, selling 160,000 units worldwide in the April-June quarter and 3.61 million systems overall. The 3DS, on the other hand, has been a bright spot for Nintendo, moving 1.4 million systems in the quarter.

Elsewhere in the Nintendo annual report, the company said that in 30 years, the firm has sold 268.97 million consoles (NES, SNES, N64, GameCube, Wii, Wii U) and 2.195 billion games. Meanwhile, the company has sold 385.15 million portable systems (GameBoy, GameBoy Advance, DS, 3DS) and 1.907 billion games for those handhelds life to date.

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