Wednesday, July 29

Nintendo shows surprising Q1 profit, driven by strong game and Amiibo sales

Wii U sales might be some way behind the competition, but that hasn't stopped Nintendo from turning in yet another surprising profit. For the three months starting April 1 through June 30, Nintendo racked up a net profit of ¥8.28 billion yen (£43 million, $67 million) off the back of over ¥90 billion (£466 million, $729 million) in sales. This follows Nintendo's overall profit of of ¥24.8 billion ($207 million, £136 million) for its fiscal year ending March 31.

Nintendo's profits were way above analyst estimates of a ¥6.3 billion (£32 million, $50 million) loss, and massively improved over the ¥9.5 billion loss ($76 million, £49 million) the company reported for the same period last year. Nintendo cites strong software sales and "favourable sales of amiibo" for its profits, with 4.5 million games shifted on Wii U and 7.9 million games shifted on 3DS.

Comic shooter Splatoon was a particularly strong performer, with 1.6 million units sold. It helped move some consoles too, with 470,000 Wii Us sold. The 3DS sold just over 1 million units during the same period. Unfortunately for Nintendo, Wii U sales continue to be down year over year, with the console managing to sell 510,000 units for the same period last year.

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