Andre Yoskowitz
31 Jul 2013 11:56
Nintendo has reported their quarterly earnings for the fiscal Q1 ended June 30th, finally swinging back to a net profit.
The company posted net revenue of $832.8 million and a net profit of $88 million. Despite being back in the black, the company sold just 160,000 Wii U for the entire quarter, a scary low figure given that Microsoft has been selling around 140,000 of the eight-year-old Xbox 360 every month for the last year.
Wii U units went on sale last November and the company hassoldjust 3.61 million units since launch, well below their prediction of 5.5 million by March.
Making matters worse, Wii U software sales were 1.03 million units, down 51 percent quarter-over-quarter.
Nintendo sold 1.4 million 3DS handhelds, and software was up large due to the release of Tomodachi Collection: New Life and Animal Crossing: New Leaf. The aging Wii reached the 100 million unit plateau during the quarter, as well.
Forecasting for the year, the company still expects an operating profit of $1 billion, although the net profit expectation is unclear.