Nintendo Reveals Profit Turnaround as Wii U Sales Double
Super Smash Bros 3DS helps drive growth, yet handheld hardware sales halve
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Nintendo surprised investors on Wednesday by revealing a net profit for the July-September quarter.
The corporation has made $132 million in profit for the six months ending in September, marking a significant upward swing from the $91 million loss it announced during the first three months of the period.
Analysts were far off the mark in their projections, with many expecting Nintendo would announce a multi-billion-yen loss for the quarter. The strong performance could be instrumental by April, with Nintendo hoping to bring an end to its four-year run of annual losses.
Responsible for the success in particular was the "extremely strong initial sales" of Super Smash Bros for 3DS, which has shipped 3.2 million units globally already since its mid-September release. In addition, the eccentric life sim Tomodachi Life has sold about 1.3 million units worldwide since its release.
Meanwhile, Wii U hardware sales have more than doubled in the past six months, though that's in comparison to the system's dismal performance during the same period last year.
During the six months to September, Nintendo has sold 1.1 million Wii U consoles worldwide. During the same period last year, it had only sold about 460,000 units.
However, 3DS hardware sales are down significantly. During the April-September quarter, Nintendo sold about 2 million 3DS systems, compared to the 3.9 million units it sold during the same period last year. In terms of software, Nintendo sold about 233 million 3DS games during the six months, which again represents a decrease from the 273 million it sold during the same half-year period in 2013.
Wii hardware sales sunk further as Nintendo discontinues the console across many territories.