Nintendo expects to be largely profitable thanks to move into smartphones

Written by Andre Yoskowitz @ 07 May 2015 2:11 User comments (4)

Gaming giant Nintendo has announced today that profits will double for the fiscal year, thanks to their long-awaited entry into mobile gaming.

In March, the company announced a partnership with DeNA to bring games to smartphones and tablets, and more recently the company announced a partnership with Universal Parks and resorts to bring their characters to theme parks.

Nintendo has forecasted an operating profit of 50 billion yen ($419.71 million) for the fiscal year ended March 2016, well ahead of the analyst estimates of 39 billion yen.

"We definitely want one game this year. And after that we want to come out with new applications, and make sure each one is a hit," said CEO Satoru Iwata.

DeNA CEO Isao Moriyasu said the company hopes the titles will bring in over 3 billion yen per month.

Source:
Reuters

Tags: Nintendo Mobile Gaming

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4 user comments

17.5.2015 19:37

pcrazy99

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There first release will be a Flappy Bird type of game.

27.5.2015 21:10

ivymike

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I heard that Nintendo is also developing their own operating system.

37.5.2015 23:03

bobiroc

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They also announced today a partnership with Universal Theme Parks to have Nintendo themed rides and attractions at Universal Theme parks.

Looks like Iwata wasn't kidding when he said they would be delivering new ways to expose their brand to consumers.

47.5.2015 23:17

madpappi

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i think this could be a smash hit for them .bringing something like Pokemon to android would be great.

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Nintendo expects to be largely profitable thanks to move into smartphones

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